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CDP SALESmango Sold to Private Equity Investors

As the festive season ramps up, perhaps we should think of corporate acquisitions as a B2B self-gift.  In that light, a pair of private equity firms have treated themselves to SALESmanago, a Poland-based but globally-sold CDP and marketing automation platform.  They claim 2,500 clients, which are mostly small businesses but include some big enterprises.  Price is undisclosed but over $100 million.

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SA startup mojaPay launches digital banking platform that will accommodate the Unbanked

December 2, 2021

South African fintech startup mojaPay has launched a new app that aims to change the way people send, receive and save money. Formerly known as digiToken, launched last year to help users buy things like electricity and airtime online, mojaPay has rebranded and upgraded to offer seamless transactions and payments for unbanked businesses and underbanked individuals.  The app allows users, even those without a bank account or smartphone, to transact without high banking charges.

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WPP Buys Cloud Commerce Group for Ecommerce Order Management

December 1, 2021

Agency holding company WPP has bought itself Cloud Commerce Group, which handles order processing, shipping, and other back-office functions for ecommerce platforms and marketplaces. It integrates with ecommerce systems like Magento and Shopify, marketplaces like Amazon and Etsy, and shippers like UPS and Fedex.   Agency companies like WPP didn’t used to own a lot of technology but that is changing.  Cloud Commerce will join WPP’s Wunderman Thompson Commerce group.

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CIAM Vendor Ping Identity Bought for $2.8 Billion by Private Investors

August 5, 2022

CIAM (Customer Identity and Access Management) was once largely about managing employee access to company systems, but it’s increasingly applied to consumer log-ins and identities as well.  This creates an overlap with the identity management systems more traditionally used for customer data.  The expanded market helps to explain why private investor Thoma Bravo just paid $2.8 billion for CIAM vendor Ping Identity, a 60% premium of its most recent stock price and just under 10x revenue.

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