About This Deal

Meta Platforms acquired Kustomer, a transaction announced in November 2020.

Kustomer operates in Family of Apps (business messaging), is based in New York, New York, USA. Kustomer is a customer-relationship-management (CRM) platform that lets businesses manage customer interactions across channels. Facebook acquired it to give businesses better service and support tools as more customer communication shifted to messaging on WhatsApp, Messenger, and Instagram. The deal was completed in 2022 after EU regulatory clearance. Deal terms were not officially disclosed.

Facebook said its goal was to give businesses best-in-class tools for excellent service and support as texts and messages became as important to businesses as phone calls.

Deal Terms

Acquirer
Meta Platforms
Target
Kustomer
Value
Not disclosed
Date
November 2020
Type
Full acquisition
Status
Official-source — no SEC filing

Transaction Details

Target HQ
New York, New York, USA
Segment
Family of Apps (business messaging)
Announced
November 30, 2020

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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