Demonstrates Union Square Advisors’ continued momentum in providing strategic M&A advice to leading enterprise cloud and web app development companies
On May 19, 2022, Union Square Advisors announced it served as the exclusive financial advisor to Fastly, Inc. (NYSE: FSLY), the world’s fastest edge cloud platform, in its acquisition of Glitch, a developer platform where more than 1.8 million developers innovate, create, and share full-stack web apps without having to run the infrastructure or manage tools themselves.
“Fastly was founded by developers, for developers and, together with Glitch, we take an important step forward in making it easier for customers to innovate at a layer in the software stack that they could not access before,” said Artur Bergman, Chief Architect at Fastly. “This acquisition brings together two of the world’s best ecosystems for application development into a single, seamless developer experience to deliver globally performant, secure and reliable applications at scale.”
Once Fastly and Glitch are integrated, developers will be able to leverage a “Yes Code” environment to take devs from Hello World to deploy quickly and at global scale – and increase the breadth of their applications’ use cases with the click of a button. The Glitch team will form a new Developer Experience team within Fastly that will leverage their deep expertise to create a rich repository of tools and resources for users: from remixable starter app templates to blogs, tutorials and talks. In addition, the team will build easier pathways for gathering feedback to help improve Fastly’s suite of offerings.
“At Glitch, we’ve always been about making it as easy as possible to go from an idea to a running app. By teaming up with Fastly, we’re going to be able to give superpowers to our community of millions of coders and creators, and set the stage for them to tap into the huge potential of Fastly’s globally distributed edge platform in the future,” said Anil Dash, CEO of Glitch. “I’m incredibly excited about teaming up with Fastly, and can’t wait to see what developers do with the powerful new tools we’ll be creating together.”
“Union Square Advisors is incredibly pleased to once again partner with the Fastly team as the company continues to navigate its next phase of growth,” said Carter McClelland, Chairman at Union Square Advisors.
Read the full press release here.
About Fastly
Fastly is upgrading the internet experience to give people and organizations more control, faster content, and more dynamic applications. By combining the world’s fastest global edge cloud network with powerful software, Fastly helps customers develop, deliver, and secure modern distributed applications and compelling digital experiences. Fastly’s customers include many of the world’s most prominent companies, including Pinterest, The New York Times, and GitHub. For more information on our mission and products, visit https://www.fastly.com/.
About Glitch
Glitch provides a platform that brings their apps to life and simultaneously offers newcomers a broad foundation of examples to start their own adventures. From exploring virtual reality with WebXR, to creating inventive incremental games, to elevating the education of the next generation of web natives in bootcamps and schools, Glitch is home to thousands of communities already building their way through life. For more information, visit https://glitch.com/.
About Union Square Advisors
Union Square Advisors is a leading technology-focused investment bank that offers strategic mergers & acquisitions advice and execution, agented private capital financing, and debt capital markets advisory services. Founded in 2007, with offices in San Francisco and New York, Union Square Advisors works with leading public and private technology companies, private equity, venture capital, and family offices. Our expertise spans many aspects of the technology landscape, including Enterprise Software and Infrastructure, FinTech, Healthcare IT, Internet+Digital Media, eCommerce, Consumer Software, AIoT & Industrial Technology and other key segments. Since inception, Union Square Advisors has advised on more than 150 strategic transactions, valued in excess of $115B. For more information, please visit http://www.usadvisors.com.
