Macquarie backs LRS, ramping it up for even more Midwest expansion wastedive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wastedive.com Daily Mail and Mail on Sunday newspapers.
Twilio to acquire Seattle business texting startup Zipwhip for $850M
May 17, 2021 at 3:14 pm
Zipwhip CEO John Lauer shows off the company’s Texterator, a text-enabled beer bot that made its debut at the 2016 GeekWire Gala. (Zipwhip Photo)
Twilio, a communications software company with Seattle roots, is acquiring Seattle-based business-texting startup Zipwhip for approximately $850 million in a cash and stock deal, the companies announced Monday.
Founded in 2007, Zipwhip originally targeted consumers and set out to be the “Facebook of text messaging.” But it pivoted around 2013, taking a different approach by working with wireless carriers to enable hundreds of millions of business landlines to receive and send text messages. This allowed companies to text with their customers from landline phones, VoIP services, and toll-free numbers.
Kaltura s video design platform interface (Photo credit: Courtesy)
Israeli-founded video software startup Kaltura Inc has filed a prospectus with the US Securities and Exchange Commission in a bid to raise at least $100 million in an initial public offering in 2021 on the Nasdaq.
The share sale would value the firm at over $1 billion, Calcalist financial website said.
The firm, founded in 2006 and headquartered in New York with an R&D center in Ramat Gan, Israel, provides organizations with turnkey solutions that allow them to immediately upload, deploy, serve, and publicize video content, either on the internet or within an organization.
In the filing, Kaltura said that at end 2020, it had $120 million in revenue after it posted double digit sales growth, year on year, in all four of the quarters. The firm had some 1,000 customers and 15 million authenticated users.