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Home PRIVATE EQUITY

Finland’s Leadoo joins forces with SALESmanago to enhance eCommerce growth across Europe

Arctic Startupby Arctic Startup
November 27, 2024
Reading Time: 5 mins read
in PRIVATE EQUITY, SCANDINAVIA&BALTICS, UK&IRELAND
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Helsinki-based Leadoo has been acquired by SALESmanago, a European leader in customer engagement solutions. This partnership integrates Leadoo’s expertise in identifying and converting website visitors with SALESmanago’s established Customer Engagement Platform, creating a comprehensive solution for mid-market eCommerce businesses. The move strengthens Leadoo’s ability to serve clients in the Nordics, UK, and beyond, while offering access to new resources and expanded capabilities. Together, the companies aim to streamline customer acquisition and retention strategies, driving measurable growth for businesses across Europe.

The Leadoo SaaS platform specialises in identifying, activating and converting website visitors to become buyers, enhancing SALESmanago’s tailored and highly personalised CEP solution, which provides an average of 20x ROI and 30-day Time To Value.

By integrating Leadoo’s innovative conversion capabilities, SALESmanago – which powers 158+ billion customer transactions per month – offers an even more robust CEP starter kit and growth framework. The acquisition will bring together best-in-class engagement and retention tools, helping customer acquisition for thousands of eCommerce clients across Europe.

With a strong presence in Northern Europe and the UK for Leadoo, and Central, Eastern and Southern Europe for SALESmanago, the new partnership cements SALESmanago’s vision to become a leader in Europe’s marketing technology landscape.

Brian Plackis-Cheng, CEO at SALESmanago, commented: “This strategic move consolidates Europe’s marketing automation sector with a formidable combination of Leadoo’s leading web conversion platform and SALESmanago’s Customer Engagement Platform. It accelerates our mission to provide a comprehensive, yet simple, mid-market CEP, and is a significant step on our journey to becoming Europe’s number one mid-market platform.”


Fredrik Rönnlund, CEO of Leadoo, added: “Joining forces with SALESmanago represents an exceptional opportunity for both companies to grow and better serve our shared customer base. We are confident that this merger will help both companies’ current and future customers drive more results from their marketing efforts.”


John Messamore, Partner from SilverTree Equity, commented: “The combination of SALESmanago and Leadoo brings together two market-leading GenAI-enabled platforms, unlocks bundling and cross-selling opportunities for both businesses and offers customers and the market a more compelling platform to support digital commerce.”


Ravi Sharma, Partner from Perwyn, added: “This investment underscores our confidence in the SALESmanago ambition to become Europe’s leading CEP and represents the first of other strategic alliances planned over the coming months.”

Leading eCommerce brands, including Victoria’s Secret, iSpot, Orbico, Horta, Komputronik and 4F, already benefit from SALESmanago’s ROI and Time to Value capabilities.

Click here to read more IPO/M&A news.

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Read the orginal article: https://arcticstartup.com/leadoo-acquired-by-salesmanago/

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