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Announced

Completed

CleverTap completed the acquisition of Leanplum.

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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mobile marketing services

Software

software

Completed

Single Bidder

United States

Majority

Acquisition

Friendly

Domestic

Private

Synopsis

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CleverTap, a SaaS based customer lifecycle management and mobile marketing company, completed the acquisition of Leanplum, a mobile marketing platform. Financial terms were not disclosed. “We have succeeded in that, but as the market has matured, to fully meet the increasing demands put on brands today, we needed to bring in the best analytics, segmentation, and engagement tools, to help our customers build valuable, long-term relationships with their customers. This is why joining forces with CleverTap makes the most sense, and I am excited about the combined capabilities we will now bring to Leanplum customers worldwide,” Momchil Kyurkchiev, Leanplum CEO.

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