One Equity Partners invests in Infobip

According to Reuters, the investment gives the tech company a valuation of more than $1bn.

Infobip was founded in 2006 and generated revenues of €602m in 2019. According to the company, it has achieved a compounded annual growth rate of 48% for the last decade.

With the deal, the GP aims to further accelerate Infobip's pre-IPO growth in North America and globally through a series of strategic acquisitions.

One Equity has most recently been investing from One Equity Partners VII, which closed in October 2019 on $1.75bn. The vehicle invests between $30-300m in North American and European companies in the healthcare, industrial and technology sectors. 

Company
Founded in 2006 and headquartered in Vodnjan-Dignano, Infobip is a B2B software company that provides a cloud communications platform to businesses. The company has offices in more than 60 locations globally and counts Uber, Costco and Unilever among its customers.  It generated revenues of €602m in 2019. According to its LinkedIn page, it employs more than 2,000 staff. 

People
Infobip - Silvio Kutic (CEO); Roberto Kutić (co-founder); Izabel Jelenić (co-founder).
One Equity Partners - Chip Schorr (senior managing director).

Advisers
Company - Citi (M&A); Morrison Foerster (legal). 
Equity -  Latham & Watkins(legal); KPMG (M&A). 

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