M&A Deal Summary

Cloopen Group Holding Acquires Zhuge

On December 12, 2021, Cloopen Group Holding acquired information technology company Zhuge

Acquisition Highlights
  • This is Cloopen Group Holding’s 1st transaction in the Information Technology sector.
  • This is Cloopen Group Holding’s 2nd transaction in China.

M&A Deal Summary

Date 2021-12-12
Target Zhuge
Sector Information Technology
Buyer(s) Cloopen Group Holding
Deal Type Add-on Acquisition

Target

Zhuge

China
Zhuge is a user-centric intelligent data solution provider that focuses on providing integrated one-stop data collection, management, and journey analytics products and solutions that are easy to use and cover the entire user lifecycle.

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Buyer(S) 1

Buyer

Cloopen Group Holding

Beijing, China

Category Company
Founded 2012
Sector Internet Software and Services
Employees1,107
Revenue 574M CNY (2024)
DESCRIPTION

Cloopen Group Holding is an entity which through its subsidiaries, provides cloud-based communications solutions in China. The company offers a suite of cloud-based communications solutions, which include a communications platform as a service, cloud-based contact centers, and cloud-based unified communications and collaborations. It serves a customer base consisting of enterprises of various industries, including the internet, telecommunications, financial services, education, industrial manufacturing, and energy. Cloopen Group Holding was founded in 2012 and is based in Beijing, China.


DEAL STATS #
Overall 2 of 2
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
Country: China M&A 2 of 2
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-10 EliteCRM

China

EliteCRM is a contact center and customer relationship management software provider in China. EliteCRM focuses on the development and implementation of customer relationship management software, and offers a comprehensive suite of products including multi-media customer contact center, intelligent marketing system and digital user operation and management platform. EliteCRM serves enterprises across a variety of industries, including banking, insurance, securities, education, automobile and transportation.

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