Facebook: Acquires Kustomer

  • Facebook (Nasdaq: FB) is to acquire Kustomer, an NYC-based CRM that enables businesses to manage all customer interactions across channels
  • The amount of the deal, which is subject to customary closing conditions and regulatory approval, not disclosed
  • Some media outlets said the amount of the transaction was $1 billion
  • With the acquisition, Facebook will give businesses access to tools that deliver service and support
  • Facebook plans to support Kustomer’s operations by providing the resources it needs to scale its business, improve and innovate its product offering
  • Kustomer is an omnichannel CRM platform that brings customer conversations from various channels together into a single-screen view
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Business Banking Fintech Slash Reaches Unicorn Status

The fintech startup achieves a valuation of over $1 billion.Highlights: Slash has been valued at over $1 billion.The...

Amex Strengthens Digital Services with AI Expense Management Acquisition

American Express to acquire Hyper to enhance its business offerings.Highlights: American Express announces the acquisition of AI startup...

UK Banks Strengthen Cybersecurity with Anthropics Mythos Model

New collaboration enhances banks' defense against cyber threats.Highlights: UK banks to access Anthropics Mythos model in the upcoming...

UK Banks to Gain Access to Anthropic Cybersecurity Model Next Week

New collaboration enhances cybersecurity for UK banking institutions.Highlights: UK banks set to access Anthropic's cybersecurity model soon.Collaboration aims...