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Commify completes acquisition of Text Request to expand U.S. market presence

Oct 16, 2024•9 months ago

Acquiring Company

Commify

Acquired Company

Text Request

NottinghamChattanoogaTelecommunicationsMessagingSoftware

Description

Commify, the U.K-based global messaging solutions leader, has acquired Text Request, the business text messaging platform founded and headquartered in Chattanooga, Tennessee. Text Request will remain in Chattanooga and become a base for further U.S. market expansion, marking Commify’s 18th acquisition since 2013. This strategic move aligns with Commify’s mission to make business communication brilliant and to expand its presence in the high potential U.S. market.

Company Information

Company

Commify

Location

Nottingham, England, United Kingdom

About

Commify is the U.K-based global messaging solutions leader with a portfolio of messaging brands, serving over 46,000 businesses and sending 5 billion messages a year. From send in seconds SMS, to advanced mobile messaging like RCS, WhatsApp, and mobile payment journeys, Commify helps businesses to send friction-free customer support, notifications and reminders, collections and payments, and marketing and promotions that delight. It operates in the UK, Ireland, France, Spain, Germany, Italy, The Netherlands, Australia, and the USA. With a mission to ‘make business communication brilliant’, the company is private equity backed and growing rapidly through both organic investment and acquisitions.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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