Data warehousing giant Teradata has been building up its application portfolio ahead of its acquisition of Aprimo in late 2010, and now it is fleshing out its app stack by snapping up eCircle, the largest provider of digital messaging software in Europe.
The financial details of the acquisition were not disclosed.
eCircle is based in Munich, Germany and was founded in 1999 by Volker Wiewer and Thomas Wilke. They created email messaging software, and it has evolved into eC-messenger, a SaaS-based application that is run by eCircle on behalf of enterprise customers to do customized text and HTML email blasts, as well as SMS blasts, to customers. The company also has another push messaging product called eC-social that can reach out and touch you on Facebook, LinkedIn, and other social networks.
In January 2010, private equity firm TA Associates pumped €60m into eCircle to get a majority stake, buying out Wellington Partners, Cipio Partners, and Steadfast Capital, who had all kicked in an undisclosed amount of money into eCircle the in the prior dozen years. At that time, eCircle had 200 employees and 550 clients and was pumping out 5 billion email messages per quarter through its SaaS cloud on behalf of those clients. As of the Teradata acquisition of eCircle from TA Associates this morning, the eC-messenger service is pumping out 10 billion email messages per quarter for its more than 1,000 customers. Read More
The financial details of the acquisition were not disclosed.
eCircle is based in Munich, Germany and was founded in 1999 by Volker Wiewer and Thomas Wilke. They created email messaging software, and it has evolved into eC-messenger, a SaaS-based application that is run by eCircle on behalf of enterprise customers to do customized text and HTML email blasts, as well as SMS blasts, to customers. The company also has another push messaging product called eC-social that can reach out and touch you on Facebook, LinkedIn, and other social networks.
In January 2010, private equity firm TA Associates pumped €60m into eCircle to get a majority stake, buying out Wellington Partners, Cipio Partners, and Steadfast Capital, who had all kicked in an undisclosed amount of money into eCircle the in the prior dozen years. At that time, eCircle had 200 employees and 550 clients and was pumping out 5 billion email messages per quarter through its SaaS cloud on behalf of those clients. As of the Teradata acquisition of eCircle from TA Associates this morning, the eC-messenger service is pumping out 10 billion email messages per quarter for its more than 1,000 customers. Read More
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