ESENDEX ACQUIRES COLLSTREAM
Esendex, the business SMS specialist backed by Darwin Private Equity, has acquired Derby based Collstream, experts in delivering tailored communications services, for an undisclosed sum. The acquisition will create a business with combined revenue of £25m and open up new opportunities for further global expansion.
“This acquisition is all about growth,” said Geoff Love, CEO at Esendex. “The intelligent multi-channel messaging services that Collstream offers customers is something that over 7,000 Esendex customers around the world can now benefit from.”
Collstream was founded in 2005 and has developed strong customer relationships in the debt collection agency space. The company helps its customers to grow existing relationships, reduce administrative overheads and more efficiently perform core business activities, using SMS, Voice Messaging and IVR systems.
“Esendex’s scale, expertise and proven track record mean that the Collstream team and technology will be able to develop and expand into new sectors and to grow internationally,” said Ian Maxfield, co-founder at Collstream.
“We leave our customers in the best possible hands and this new combined business is going to lead the way for the industry,” added Chris Harrison co-founder at Collstream.
The acquisition of Collstream will create a combined business with revenue of £25m, further enhancing Esendex’s leadership of the business messaging sector. The business will now have over 130 staff in offices in Derby, Nottingham, Barcelona, Lisbon, Vienna, Madrid and Melbourne.
Esendex’s acquisition of Text Marketer in December 2013 and now Collstream, combined with continued high levels of organic growth sees it confirm its place as a leader in the rapidly consolidating business SMS market.
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