Brandwatch is acquired by Cision for $450M, creating a PR, marketing and social listening giant
https://techcrunch.com/2021/02/26/brandwatch-is-acquired-by-cision-for-450m-creating-a-pr-marketing-and-social-listening-giant/
Online consumer intelligence and social media listening platform Brandwatch has been acquired by Cision, best known for its media monitoring and media contact database services, for $450 million, in a combined cash and shares deal. TechCrunch understands Brandwatch’s key executive team will be staying on. The move combines two large players to offer a broad range of services from PR to marketing and online customer engagement. The deal is expected to close in the second quarter of 2021.
Cision has a media contact database of approximately 1 million journalists and media outlets and claims to have over 75,000 customers. Brandwatch applies AI and machine learning the practice known as ‘social listening’.