Sendinblue Acquires Three Companies For $47 Million To Expand E-Commerce Offerings For Smbs
Sep 21, 2021•about 4 years ago
Acquiring Company
Sendinblue
Acquired Company
Three Companies
Sales And MarketingInformation TechnologySoftware
Description
Sendinblue, the leading all-in-one digital marketing platform, today announced its acquisition of three e-commerce marketing companies for more than $47 million: Chatra, Metrilo, and Shopify’s top application for push notifications, PushOwl. The move comes 11 months following its $160 million Series B funding round to drive product expansion and increase growth in the North American market.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed