CleverTap completes acquisition of Leanplum

CleverTap, a retention cloud platform, has completed its acquisition of San Francisco based Leanplum, a multi-channel customer engagement platform.

With this acquisition, CleverTap has increased its footprint in the US and Europe. CleverTap will combine the product stack of both organizations.

Momchil Kyurkchiev, Co-Founder of Leanplum, has joined CleverTap’s leadership team as Chief Strategy Officer. With the completion of the acquisition, CleverTap also welcomes marquee investors Norwest Partners, Shasta Ventures, Canaan, and Kleiner Perkins as its shareholders. The acquisition becomes revenue accretive for CleverTap from June 1st 2022.

CleverTap drives over 1200 Customers in over 60 countries and 10,000 apps, including Gojek, ShopX, Canon, Mercedes Benz, Electronics Arts, TED, Jio, Premier League, TD Bank, Carousell, Papa John’s, and Tesco.