Meltwater acquired as private equity tightens grip on PR software market [PR tech sum no. 47]
Sword and the Script
SEPTEMBER 5, 2023
Sumeru Equity Partners acquired a majority stake in the internal comms platform SocialChorus. Agencies are cheap and don’t want to spend on tools that cut into margins. The company was founded in 2009 and was bootstrapped until 2022 when it closed a $180 million Series A round. Muck Rack named Inc. 5000 for the second time.
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