Xenon Partners buys UXPin

Xenon Partners has acquired UXPin, a collaborative design and prototyping platform. No financial terms were disclosed.

PRESS RELEASE

LAS VEGAS (PRWEB) JUNE 09, 2020
Xenon Partners, a SaaS focused private equity firm, announced their acquisition of UXPin, a leading collaborative design and prototyping platform. UXPin was founded in 2010 in Poland by Marcin Treder, Kamil Zieba, and Marcin Kowalski. UXPin found success as a paper prototyping notepad, but shifted focus to develop an online user experience design platform, UXPin.com, that enables teams to build better digital products.

From the outset, UXPin’s mission was to merge design and engineering into one world of better and faster product development. Today, the company powers the web and mobile application design process for thousands of teams across technology startups, digital agencies and the world’s most iconic brands including Microsoft, Autodesk, Apple, Ford, Netflix, PayPal and more.

“It’s 2020, but it still sucks to create software applications,” says Jonathan Siegel, founder of Xenon Partners. “Designers study user feedback, interaction patterns and best practices–they know exactly what an end user should experience. But they hand over brittle paintings of their visions rather than working prototypes. This dissonance causes wasted cycles and unnecessary inefficiencies that plague even the best intended teams. I’ve experienced these difficulties since beginning software development 30 years ago. UXPin is one of the only solutions that adequately solves these challenges for digital product teams, and I’m delighted to welcome the UXPin team and community to the Xenon portfolio.”

Marcin Kowalski, one of UXPin’s Co-founders, adds: “Over the past few years, we’ve invested in building one of the leading collaborative design and prototyping products in the market, serving thousands of teams across the globe. This is a perfect moment to take UXPin’s product and reach within the digital community to the next level. Xenon provides the right expertise and experience to expand UXPin as a business. But most importantly, we have a similar vision of the future of UXPin, helping design and development teams build better products, together.”

In the midst of the COVID-19 crisis, the role of remote collaboration has never been more crucial. UXPin was the first to introduce Google Docs-style online collaboration to the design community. Today UXPin’s multiplayer capabilities remain industry leading. As we usher in this new world of work, and the rapidly evolving realities of how design and development teams interface, UXPin is committed to remaining a pioneer and innovator in the products they create to advance the goals of the global design and development community.

About Xenon Partners:
Xenon acquires and operates early-stage B2B SaaS technology companies. Xenon provides its portfolio companies with deep operational expertise in growth marketing, sales and operations to scale to the next level. Past and present portfolio companies include Airbrake (acquired by Rackspace), DreamFactory, Earth Class Mail (acquired by ScaleWorks), and Xplenty.
For more information, visit http://www.xenon.io.