Facebook to get Kustomer in $1bn acquisition

Facebook to get Kustomer in $1bn acquisition
  • Clock-gray 18:15
  • calendar-gray 01 December 2020

Cisco Investments will exit the customer management platform developer, which is set to be bought for roughly double its valuation a year ago, APA Economics reports.

US-based sales software producer Kustomer agreed yesterday to an acquisition by social media group Facebook that will allow networking technology provider Cisco to exit.

The deal will be sized at just over $1bn, people familiar with the matter told the Wall Street Journal, double the reported $500m valuation at which the company last raised funding.

Huseyn Veliyev

Other news