Yahoo has bought Lexity – a four-year-old company specializing in software applications. The company was founded in 2009 by former Yahoo employee Amit Kumar and has clients spread across 114 countries. Yahoo has not disclosed the financial terms of the deal yet. Amit Kumar and his team commented on the acquisition in a blog post, "We've been humbled by the overwhelming positive response. We are excited to join forces with Yahoo and to continue building on our vision."

Yahoo's CEO Marissa Mayer has been in the news for her acquisition spree. Lexity is the 20th company that Yahoo has bought in the past year under Mayer. Recently the company bought Tumblr for $1.1 billion, Qwiki video sharing app for $50 million and Xobni e-mail address book startup for $48 million.

Meanwhile, Lexity which calls itself the "one-stop-shop of e-commerce services." recommends marketing apps designed to increase online merchant sales. Amit Kumar stated in a blog post, that the acquisition would not affect its merchants. All Lexity apps, including the Lexity Live app, will continue to run seamlessly. The company will continue to provide support to its merchants and work towards enhancing its Commerce Central platform for developers.