Infobip Acquires OpenMarket from Amdocs for ~$300M
November 11, 2020
Infobip has entered into a definitive agreement to acquire OpenMarket from Amdocs for approximately $300 million. The deal combines OpenMarket's U.S. mobile messaging scale with Infobip's global footprint, creating a cloud communications player with a combined revenue run-rate above $1 billion and the ability to process more than 14 billion customer interactions per month.
- Buyers
- Infobip
- Targets
- OpenMarket
- Sellers
- Amdocs Inc.
- Industry
- Telecommunications
- Location
- Washington, United States
- Transaction Type
- Buyout
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