Infobip establishes hold in US cloud communications market with completion of OpenMarket buy

Cloud communications company, Infobip, has achieved 57% year-on-year revenue growth for Q1 in the US, following the completion of its acquisition of US messaging firm, OpenMarket. The integration of the two cloud communications companies has created the Infobip Group, a global platform software firm with a combined LTM revenue greater than EUR 1bn ($1.2bn) and over 10,000 joint customers, including some of the world’s largest technology enterprises.

In bringing together its complementary regional footprints and merging OpenMarket’s scale in the US with Infobip’s strengths outside the US, the combined company processes more than 14 billion monthly customer interactions across the full range of communication channels, in more than 190 countries around the globe.

By bringing Infobip’s expanded portfolio of products including SaaS solutions to the US, together with Infobip’s direct relationship with over 650 carriers worldwide, OpenMarket now offers new use cases and capabilities to meet the customer engagement needs of the most demanding enterprise customers anywhere in the world.

Customers are the driving force behind our exponential growth mindset. During this integration, we also made a point of investing in process definition and transformation to make it easier to incorporate new business locations, applications, and staff into our operations so we can rapidly bring new sources of value to our customers.

Silvio Kutić, Founder and CEO, Infobip