M&A Deal Summary

Infobip Acquires OpenMarket

On November 11, 2020, Infobip acquired information technology company OpenMarket from Amdocs for 300M USD

Acquisition Highlights
  • This is Infobip’s 1st transaction in the Information Technology sector.
  • This is Infobip’s largest (disclosed) transaction.
  • This is Infobip’s 1st transaction in the United States.
  • This is Infobip’s 1st transaction in Washington.

M&A Deal Summary

Date 2020-11-11
Target OpenMarket
Sector Information Technology
Buyer(s) Infobip
Sellers(s) Amdocs
Deal Type Divestiture
Deal Value 300M USD

Target

OpenMarket

Seattle, Washington, United States
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. OpenMarket is based in Seattle, Washington.

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Buyer(S) 1

Buyer

Infobip

London, United Kingdom

Category Company
Founded 2006
Sector Information Technology
DESCRIPTION

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 easy and 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 was founded in 2006 and is based in London, United Kingdom.


DEAL STATS #
Overall 1 of 5
Sector (Information Technology) 1 of 2
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 2
Year (2020) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-12 Shift Conference

Split, Croatia

Shift is a tech conference franchise with over a decade of experience in creating and producing technology conferences in multiple industry verticals such as Software Development, Fin-Tech and Artificial Intelligence. Shift's flagship conference Shift Developer is the largest developer event in Southeastern Europe, attracting attendees from over 109 different countries and speakers from all the major global IT companies including Microsoft, Netflix, AWS, Spotify and many others.

Buy -

Seller(S) 1

SELLER

Amdocs

Saint Louis, Missouri, United States

Category Company
Founded 1988
Sector Software
Employees29,000
Revenue 4.9B USD (2023)
DESCRIPTION
Amdocs office in St. Louis, Missouri.
Amdocs office in St. Louis, Missouri.

Amdocs provides software and services for communications, media, and entertainment industry service providers worldwide. It develops, implements, and manages software and services associated with business and operational support systems to enable service providers to introduce new products and process orders, as well as to support new business models. Amdocs was incorporated in 1988 and is based in Saint Louis, Missouri.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Washington) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-30 Vubiquity - Avail-TVN

Reston, Virginia, United States

Vubiquity, Inc. - Avail-TVN is a provider of digital video services. Working with both service providers and content owners, Avail-TVN is focused on providing its global customer base solutions that simplify content management and distribution, and enable the monetization of content. Vubiquity, Inc. - Avail-TVN is based in Reston, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-12 Sourced

Toronto, Ontario, Canada

Sourced is a global technology consultancy specializing in large-scale cloud transformations for sophisticated, high-end enterprises in industries such as financial services, communications, and others. Sourced was founded in 2010 and is based in Toronto, Ontario.

Buy $75M