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Square to acquire website-making company Weebly

Square point-of-sale system. Photo: Square

Square has agreed to acquire Weebly, which provides website-making tools, for $365 million, the company said on Thursday.

Why it matters: This is the latest move by Square, which began with a credit card reader, to provide as many tools for small and medium businesses as it can.

More: Founded in 2007, Weebly has raised more than $35 million in funding from Sequoia Capital, Tencent Holdings, Baseline Ventures, Ron Conway and Y Combinator.

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