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Intuit Buys MailChimp for $12 Billion

Yesterday was pretty busy for a Monday, Dear Reader. The big headline is confirmation of Intuit’s rumored purchase of MailChimp. Price was about $12 billion, a somewhat modest 12x earnings if Forbes’ information is correct. The deal furthers Intuit’s goal of becoming a growth platform for small business.

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Retail Rocket Raises $24 Million and Buys Sailplay to Enter U.S. Market

July 6, 2022

Netherlands-based retention management platform Retail Rocket just raised a $24 Million Series A, and immediately spent some of it to buy Sailplay, a New York-based marketing automation vendor that will grow its U.S. presence.  Retail Rocket builds unified customer profiles in a module it charmingly calls Data Warehouse, and has other modules for AI-driven personalization, segmentation, and campaign management.  The company has more than 1,000 global clients across Europe and South America.

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