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Dublin Tech Firm seeks up to €15m worth of acquisitions

Written by Robert McHugh, on 16th Sep 2020. Posted in Technology

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Dublin tech firm, Xtremepush has announced Beechbrook Capital as its latest new capital partner, having secured €4.25m funding to support the business’s global growth and acquisition strategy.

Xtremepush is a customer engagement, personalisation and data platform that was founded by CEO, Tommy Kearns and CTO, Dr Kevin Collins in 2014.

In June this year, it completed the acquisition of Alchemetrics, a UK agency specialising in bespoke Customer Data Platforms. This followed the 2018 acquisition of Emailcenter, a long-established UK email service provider. 

An acquisition fund in the region of €15m is now available to the business with which to accelerate its acquisition strategy. The company plans to act swiftly on its acquisition trail, with longer-term goals that would see Xtremepush established as a €40m ARR business within 36 months, the business principals say.

The growth capital is also earmarked for expansion of the company’s US sales, operations and tech team, as well as continued hiring across European offices. From its Irish headquarters, the business services a global portfolio of brands across multiple verticals including retail banking, eCommerce, travel and transport, publishing and media, hospitality and sports betting and gaming.

CEO and co-founder, Tommy Kearns says he is still aggressively growing and hiring, and plans are for extensive organic growth in the US.

Speaking this week, Kearns said, “The finance deal with Beechbrook Capital comes at an opportunistic time, where the business is primed for major expansion. From a successful bootstrapped company, Xtremepush is now moving to a new phase, planning a high growth trajectory through both organic and acquisition growth.”

Beechbrook Capital is a specialist European mid-market lender with a dedicated Irish SME fund. Xtremepush looked to the European market for potential capital partners and, its owners say, found a strong partner in BeechBrook that wants to be invested in the Xtremepush journey over the next three to five years.

Source: www.businessworld.ie

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