Sheetgo, the spreadsheet automation platform, has just announced its acquisition of Layer. This investment will contribute to the expansion of its automation capabilities and provide a more robust toolset.
As of Thursday, July 20th, 2023, Sheetgo owns the technology and marketing assets of Layer. The Layer add-on will be discontinued from August 15th and integrated into the Sheetgo platform over the coming months. Layer executives will join the Sheetgo team as advisors to share their expertise. The acquisition of Layer represents a major step for Sheetgo as it accelerates its roadmap by purchasing its first business.
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“This move marks a significant milestone for Sheetgo, as we expand our market presence, enhance our core product, and open new possibilities for our business customers,” says Sheetgo CEO Yannick L. Rault van der Vaart. “With such strategic investments, we are carefully building a smart, efficient, and cost-effective platform that allows our customers to connect to data, automate business processes, and even take advantage of new AI tools, all without leaving their spreadsheet and everyday workspace tools behind.”
Sheetgo will offer an improved product and customer experience to its users, bringing the best of Layer and Sheetgo into an all-in-one spreadsheet solution. The advantages of this acquisition include enhanced core product offering which will include granular sharing, two-way sync, and gatekeeping of data. These additions will offer users greater control over data governance, collaboration within their teams and significant spreadsheet knowledge in order to better meet their evolving needs.
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This acquisition will make these complementary technologies more prevalent across industries. Moritz ten Eikelder, co-founder and managing director of Layer, is confident spreadsheets are here to stay, “The pain points addressed are as relevant as ever. This is why we are super happy that the idea behind Layer will continue to exist in a new home and that the features we have built will continue to serve Finance users across the globe.”
What will this mean for both Layer and Sheetgo users? Layer users will be supported by the Sheetgo team to transition. Layer’s features will be integrated as core features within Sheetgo, providing a continuous but enhanced experience that introduces them to the powerful combination of the two technologies.
Sheetgo users can look forward to exciting new features with better governance control and expanded collaboration options.
With a focus on continued growth and investment in R&D, Sheetgo aims to deliver unparalleled automation capabilities that optimize user experience and affordability, promising the ultimate goal of “work made simple”.
