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New Deal


Announced

Commify to acquire Spryng.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

Private

Single Bidder

Netherlands

messaging

Cross Border

communication software

Majority

Software

Pending

Synopsis

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Commify, a provider of business messaging products and service, agreed to acquire Spryng, a provider of messaging services intended for healthcare, logistics, e-commerce and financial services sectors. Financial terms were not disclosed. “We are delighted to be entering the Dutch and Belgian markets and in particular to be partnering with Marc and Alexander to support Spryng and Commify’s continued growth across our global footprint. Commify is operating in an exciting market and this transaction represents a material addition to our business, not least a high-quality customer base that we are excited to offer our multi-channel messaging product set, and of course another team of talented colleagues joining us," Richard Hanscott, Commify CEO.

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