Level Access, a provider of digital accessibility solutions, has agreed to buy UserWay, a company that uses AI to improve web accessibility for people with disabilities. The deal, expected to close in early 2024, will combine the technologies and expertise of both companies to help more organizations create and maintain accessible digital platforms.
UserWay’s software automates the process of identifying and optimizing code for websites, apps, and documents to make them more user-friendly for people with various impairments. Millions of websites worldwide trust UserWay’s technology, which will enhance Level Access’s full-service digital accessibility platform.
The CEOs of both companies, Tim Springer and Allon Mason, expressed their excitement and shared vision for the partnership, which they said will deliver value to their customers and shareholders. UserWay will continue to operate under its existing name and brand, and Mason will become President of Level Access. UserWay’s shareholders can find more information on the Tel Aviv Stock Exchange’s ‘MAYA’ Website.
Level Access’s investors JMI Equity and KKR will support the growth of the combined company. Nfluence Partners, Sullivan & Worcester, Latham & Watkins LLP, and Herzog, Fox & Neeman acted as advisors and counsel to the parties.
