UserWay

Web Accessibility Solutions for WCAG and ADA Compliance

Health Tech & Life Sciences
Acquired by Level Access on Dec, 2023

Company Overview

Snapshot

Founded in January 2019 by Allon Mason, UserWay is an Israeli company with 51–200 employees. The company raised $14.5 million across two funding rounds from two investors. In December 2023, UserWay was acquired by Level Access.

Business overview

UserWay develops cloud-based accessibility solutions designed to ensure ADA compliance and adherence to regulations such as WCAG 2.1, ATAG 2.0, EN 301-549, and Section 508, without requiring website code refactoring. The company's proprietary remediation-as-a-service (RaaS) technology offers scalable and secure compliance for websites. UserWay operates within the Health Tech & Life Sciences sector, specifically focusing on Digital Accessibility Solutions, and serves a broad market including enterprises, SMBs, and financial institutions.

Strategic signal

In December 2023, UserWay was acquired by Level Access in a $99 million deal. This acquisition signifies a major consolidation in the web accessibility market, validating UserWay's technology and market position while indicating a strategic move by Level Access to expand its offerings and market share in digital accessibility compliance.

Company Intelligence Q&A

What was a significant corporate milestone for UserWay in late 2023?
In December 2023, UserWay was acquired by Level Access in a deal valued at $99 million, marking a significant exit for the company.
When did UserWay make its initial public offering?
UserWay completed an Initial Public Offering (IPO) in February 2022, listing its stock under the ticker UWAY on the TASE.
What was UserWay's reported ARR growth in H1 2023?
UserWay reported an 81% ARR growth in H1 2023 and anticipated reaching cash flow breakeven, as the DOJ prepared to roll out historic digital accessibility regulations.
What new generative AI product did UserWay launch in June 2023?
In June 2023, UserWay launched the beta version of its free generative AI product, FixMyCode.ai, aimed at enhancing accessibility solutions.
Which new accessibility standard did UserWay's platform support in October 2023?
In October 2023, UserWay's Accessibility Compliance Platform integrated support for the WCAG 2.2 update, advancing web accessibility compliance standards for its customers.

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