Squarespace is a SaaS-based content management system-integrated website builder, blogging platform and hosting service. The system allows individuals and businesses to create and maintain websites and blogs. The services are only available bundled; they are not available separately. Hosting by Squarespace is mandatory: individuals and businesses cannot host their own Squarespace sites. Since launching in 2004, Squarespace has grown to over 500 employees in 190 countries, and millions of users have created websites on the Squarespace platform. Squarespace was founded in 2003 and launched in January 2004 by Anthony Casalena while he studied at the University of Maryland, using a $30,000 investment from his father. He created the initial software behind the company after trying and disliking other personal web page platforms. Squarespace was founded to create an all-in-one web publishing solution. On November 17, 2014, Squarespace announced that it acquired Brace.io, a website creation startup powered by cloud tools like Dropbox and Amazon Web Services. The price of the acquisition was not released.