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

UK Authorities Tighten Regulations on P2P Crypto Trading

New measures aim to enhance security for crypto traders in the peer-to-peer market.Highlights: UK authorities introduce new regulations...

Citi Wealth Strengthens Services with New AI-Powered Team Member

Citi Wealth Management introduces advanced AI technology for enhanced client experience.Highlights: Citi Wealth Management has launched a new...

Coinbase Lists First GBP Stablecoin, Expanding Market Options

The new stablecoin aims to enhance trading in the UK market.Highlights: Coinbase has launched the first GBP stablecoin.This...

Former Royal Mint Executives Secure Backing for Precious Metals Trading Platform

New platform aims to modernize precious metals trading for investors.Highlights: Former Royal Mint executives launch a new trading...