01 Aug 2019

Investec helps IMImobile PLC raise £20m to part fund US acquisition

Investec Corporate and Investment Banking (“Investec”) has supported IMImobile PLC (“IMImobile) on the $53.2m acquisition of 3CInteractive Corp. (“3C”), a private US cloud-based multichannel, customer engagement platform company. Investec acted as NOMAD and joint bookrunner raising £20.3m to part fund the acquisition.

IMImobile is a communications software provider which enables companies to automate digital customer communications to improve customer experience and reduce operating costs. Headquartered in London, IMImobile has more than 1,100 employees worldwide and clients include Hermes, Centrica and O2.

 

Headquartered in Florida, 3C is a pioneer for Rich Communication Services (RCS), which allows companies to provide content-rich messages to customers. The acquisition also provides IMImobile with direct SMS short code connectivity to all major US and Canadian carriers which is very difficult to achieve organically, making 3C a highly strategic asset.

 

Investec’s Henry Reast commented:

“Investec are delighted to have helped IMImobile on the acquisition of 3C. Not only does it achieve critical mass in the US, the largest and most advanced market for communications-platform-as-a-service, but it also provides opportunities for new aggregation revenue streams and also further establishes product market leadership around the deployment of RCS business solutions, a market with large growth potential.” 

For more information, please contact:

Luke O’Mahony, Investec (Public Relations) - 020 7597 5261 

[email protected]

 

Fatima Ismat, Lansons (PR agency for Investec CIB) - 020 7566 9709

[email protected]

 

Investec Corporate and Investment Banking
Investec CIB is an international corporate and investment bank working with growth-orientated companies, institutions and private equity funds. Our people set us apart – empowered, straightforward and invested in our clients’ long-term success. We provide capital solutions, advice and ideas, along with bespoke investment solutions and access to capital markets. Founded in 1974, The Investec Group has grown successfully through its client focussed approach and its ability to serve diverse and evolving financial needs.

 

This press release is issued on behalf of Investec Bank plc. Registered address: 30 Gresham Street, London, EC2V 7QP. (Reg No. 489604).  Investec Corporate and Investment Banking is a brand name of Investec Bank plc, which is a member of the London Stock Exchange.

 

Investec Bank plc (Reg. no. 489604) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.