November 11, 2020 – Croatian Infobip bought the American company OpenMarket for $300 million. It is a subsidiary of Amdocs, which, like Infobip, deals with SMS sending services.
“We can confirm that an OpenMarket purchase agreement has been signed with the seller, Amdocs. We are currently awaiting final details and will release more information today during the day,” Infobip briefly confirmed on Index.hr.
This summer, Infobip raised more than $200 million in the first round of financing from the One Equity Partners investment fund.
After that success, they announced that it would help them expand the company in the United States through acquisitions.
Infobip started in 2006 as a small start-up company from Vodnjan in Istria. Today, with almost 15 years of experience in the IT industry, it employs more than 2,100 people globally and operates on six continents through 67 offices.
The reason for this success is Infobip’s communication platform and services for businesses that can reach almost 7 billion users and things in more than 190 countries, thus enabling seamless mobile communication of businesses with their end-users – on every channel and device, at any time and no matter what part of the world they are in.
In 2018 alone, two-thirds of the world’s population, or 4.7 billion people, used Infobip’s services. The company collaborates and partners with leading mobile operators, messaging application companies, banks, e-commerce companies, social networks, and technology companies. Infobip is recognized worldwide as the winner of numerous awards for the quality of services it provides, collaborating with more than 300,000 clients; with the world’s largest chat applications such as WhatsApp, Viber, Telegram, and with globally known brands such as Virgin Megastore, Fear, Uber, Zendesk, Burger King and many others.