MessageBird, a cloud communications platform, has acquired commercial email service SparkPost for $600M. The acquisition will see MessageBird serve around 25,000 customers with 700 employees. The company is expected to have a revenue run rate of $500M.
Furthermore, MessageBird raised $800M in an extended Series C led by Eurazeo with participation from Tiger Global and BlackRock, among others. This is in addition to the $200M it raised last October. The company utilized $600M on this deal to acquire SparkPost.
WHO ARE THE PARTIES TO THE DEAL?
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The post MessageBird Acquires SparkPost For $600M To Tap Into The US Market appeared first on CB Insights Research.