Cisco Investments will exit the customer management platform developer, which is set to be bought for roughly double its valuation a year ago.
US-based sales software producer Kustomer agreed yesterday to an acquisition by social media group Facebook that will allow networking technology provider Cisco to exit.
The deal will be sized at just over $1bn, people familiar with the matter told the Wall Street Journal, double the reported $500m valuation at which the company last raised funding, in a $60m series E round in December 2019.
Founded in 2015, Kustomer has created a customer relationship management platform designed to manage large…
