Acquisition further enhances Deluxe’s suite of small business marketing solutions
SHOREVIEW, Minn.–(BUSINESS WIRE)–Deluxe Corporation (NYSE: DLX) announced that it recently acquired 100 percent of privately held LogoMix, a Boston-based provider of logo design and other small business branding and marketing services.
Founded in 2006, LogoMix enables businesses and individuals to create and purchase custom marketing products for use online and offline. On LogoMaker.com, users can create a custom logo in minutes and, in one click, print their logo on business cards, signs, pens and other offline marketing products. LogoMix’s other marketing services include websites, business email, domains and Google Apps for Work.
The LogoMix acquisition strengthens Deluxe’s fast-growing suite of innovative small business marketing services. Those solutions include website development and hosting, email marketing, social media, search engine optimization and logo design, in addition to the company’s industry-leading checks and forms offerings. The move also improves Deluxe’s reach, as more than 60 percent of LogoMix’s customers are outside of the U.S.
“For more than a century, Deluxe has provided millions of small businesses with the products, services and advice they need to pursue their passion and achieve success,” said Malcolm McRoberts, senior vice president of Small Business Services for Deluxe. “LogoMix shares our commitment to helping small businesses market themselves, and this acquisition further enhances our ability to help our customers grow.”
Deluxe acquired LogoMix for $43 million in an all cash transaction. LogoMix founder Craig Bloem, will remain with Deluxe, taking a position as vice president in the small business services unit, reporting to McRoberts.
Deluxe will integrate LogoMix’s proprietary AI (Artificial Intellegence) capabilities across its business. These capabilities will give Deluxe the ability to better cross-sell Deluxe products to its customers. LogoMix currently sells more than 60 percent of its customers more than a single product.
“Our mission has been to revolutionize the way that small businesses market and brand their business,” said Bloem. “Joining forces with Deluxe, which has a long history of providing innovative marketing solutions to small businesses, will benefit both of our companies’ existing and future customers.”
LogoMix serves more than 900,000 customers in more than 120 countries. In addition to LogoMix.com, LogoMix also operates FreeLogoServices.com and LogoMarker.com. Deluxe will maintain the LogoMix name as it transitions its talent and tools into the Deluxe small business portfolio.
About Deluxe Corporation
Deluxe is a growth engine for small businesses and financial institutions. 4.4 million small business customers utilize Deluxe’s service and product solutions, including website development and hosting, email marketing, social media, search engine optimization and logo design, in addition to our industry-leading checks and forms offerings. Deluxe serves approximately 4,900 financial institutions with a diverse portfolio of financial technology solutions that enable them to grow revenue and manage their customers’ throughout their lifecycle, including our best-in-class check program solutions. Deluxe is also a leading provider of checks and accessories sold directly to consumers.
LogoMix is a self-service marketing and branding platform serving more than 900,000 customers in 120 countries. LogoMix believes that making a logo, business card or custom marketing product like a pen, polo, or sign should not only be easy, it should be fun. They give users the tools to brand their business during these crucial points of connection with customers, partners and the world.
LogoMix enables businesses around the world to create and purchase custom marketing products through websites LogoMix.com, FreeLogoServices.com, LogoMaker.com, and our partner applications with ADP and Google Apps for Work.