CleverTap completes acquisition of San Francisco-based Leanplum

Customer engagement and user retention software provider CleverTap on Monday announced that it has completed the acquisition of Leanplum, a leading San Francisco-based multi-channel customer engagement platform.

The acquisition, which was announced on May 19, was closed in 3 weeks. "With this acquisition, CleverTap has strengthened its footprint in the US and Europe. CleverTap will combine the product stack of both organizations and extend its world-class solutions and technology to all its customers and prospects worldwide," the company said in a statement.

The Co-Founder of Leanplum, Momchil Kyurkchiev, joined the leadership team of CleverTap as Chief Strategy Officer. CleverTap also welcomed marquee investors Norwest Partners, Shasta Ventures, Canaan, and Kleiner Perkins as its shareholders, the statement said, adding, "The acquisition becomes revenue accretive for CleverTap from June 1, 2022."