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. Corp comm departments are chronically underfunded and lower on the corporate priorities list. The initial acquisition announcement in January of 2023 touted a 36% premium on the current trading price. However, it’s currently worth.94
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