Infobip, a global cloud communications company, entered into a definitive deal with Amdocs Inc. (NasdaqGS: DOX) to acquire OpenMarket, a provider of mobile messaging solutions to enterprises, for approximately $300m.
The transaction is expected to close following the receipt of customary regulatory approvals.
This combination will form a leading global player in cloud communications, with combined revenue runrate of more than $1 billion. It will bring together complementary regional footprints, merging OpenMarket’s scale in the US with Infobip’s strengths outside the US to process more than 14 billion monthly customer interactions across the full range of communication channels, in more than 190 countries around the globe.
According to Silvio Kutic. Co-Founder and CEO of Infobip, “Combined, Infobip and OpenMarket have some 10,000 customers, including many of the world’s leading enterprises.”
Led by Jonathan Morgan, CEO, OpenMarket is a provider of mobile engagement solutions helping enterprises conduct SMS, MMS, OTT and RCS-based Application-to-Person (A2P) customer communication at scale. The company is headquartered in Seattle, Washington, USA, with offices in Detroit, London, Sydney, Pune, and Guadalajara.
Established in 2006 and is led by its co-founders CEO Silvio Kutić, Roberto Kutić and Izabel Jelenić, Infobip is a global cloud communications platform that enables businesses to build connected customer experiences across all stages of the customer journey at scale, with contextualized interactions over customers’ preferred channels. Accessed through a single platform, Infobip’s omnichannel engagement, identity, user authentication security and contact center solutions help clients and partners overcome the complexity of consumer communications, grow their business and increase loyalty– all in a fast, secure and reliable way. Infobip currently includes 65+ offices on six continents offering natively built technology with the capacity to reach over seven billion mobile devices and ‘things’ in 190+ countries connected directly to over 650 telecom networks. The company serves and partners with leading mobile operators, messaging apps, banks, social networks, tech companies, and aggregators. Infobip was
The transaction comes three months after the closing of Infobip’s first institutional investment from One Equity Partners, a private equity firm with a long and proven track record partnering with visionary founders of high-quality, high-growth global telecom and enterprise software businesses.