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Freshworks completes acquisition of Device42 to enhance IT Asset Management Capabilities

PUBLIC · FRSHJun 06, 2024

Acquiring Company

Freshworks

Acquired Company

Device42

San MateoNew HavenInformation TechnologySoftwareInformation TechnologySoftwareArtificial IntelligenceIT Infrastructure

Description

Freshworks Inc. has completed the acquisition of Device42, a company that provides comprehensive views of assets across an organization’s IT infrastructure. This acquisition enhances Freshworks' IT Asset Management (ITAM) capabilities, empowering IT teams to reduce risk and solve incidents faster, while reinforcing Freshworks' position in the ITSM market.

Quick answer

Freshworks is acquiring Device42, announced June 6, 2024. Freshworks is based in San Mateo, California, United States.

How much did Freshworks pay for Device42?
The deal value was not disclosed.
What does Freshworks do?
Freshworks designs ridiculously easy-to-use software for businesses of all sizes, making it effortless for them to delight their employees and their customers.
Where are Freshworks and Device42 based?
Freshworks is based in San Mateo, California, United States. Device42 is based in New Haven, Kentucky, United States.
Who are the decision-makers at Freshworks?
Fundz holds 2 contacts at Freshworks. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Freshworks

Location

2950 S. Delaware St.

San Mateo, California, United States

About

Freshworks designs ridiculously easy-to-use software for businesses of all sizes, making it effortless for them to delight their employees and their customers. Affordable, quick to implement and designed for the end user, more than 50,000 companies worldwide use Freshworks software-as-a-service to enable a better customer experience (CX, CRM) and employee experience (ITSM, HRSM). Headquartered in San Mateo, California, Freshworks has a dedicated team operating from 13 global locations to serve customers, including Bridgestone, Chargebee, DeliveryHero, ITV, Klarna, Multichoice, OfficeMax, TaylorMade and Vice Media.

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Frequently asked

Who acquired Device42?

Device42 was acquired by Freshworks, based in San Mateo. The deal was reported on June 6, 2024. Freshworks designs ridiculously easy-to-use software for businesses of all sizes, making it effortless for them to delight their employees and their customers. Freshworks is publicly traded (FRSH) and operates in Information Technology.

When did Freshworks acquire Device42?

Freshworks's acquisition of Device42 was reported on June 6, 2024. Freshworks Inc. has completed the acquisition of Device42, a company that provides comprehensive views of assets across an organization’s IT infrastructure. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Device42 do?

Device42 is a company that provides comprehensive, continuously up-to-date views of assets across an organization’s entire IT infrastructure. It is privately held, operating in Information Technology, and is based in New Haven.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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