San Francisco -- 99designs, the San Francisco-based developer of an online graphic design marketplace, said on Tuesday it has acquired 12designer, developer of a creative design marketplace in Germany. Financial terms of the deal were not disclosed. The acquisition is the first for 99designs, which in April 2011 raised $35 million in its first round of funding, led by Accel Partners. "We believe their deep regional marketplace expertise and multi-lingual capabilities will prove instrumental in accelerating our delivery of truly localized world-class design services to European businesses and designers," said CEO Patrick Llewellyn. “This acquisition enables us to build significantly on our existing momentum and resources in Europe and gives us an ideally situated base in Berlin."
http://www.99designs.com
http://www.businesswire.com/news/home/20120807005380/en/99designs-Announces-Acquisition-European-Design-Marketplace-12designer
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