Hootsuite CEO/co-founder Ryan Holmes Hootsuite

Canadian social media management startup Hootsuite has now been reported to be in talks for a sale which could value the company at over $750 million by acquirers. This report first made by Reuters cites people familiar with the matter and one which would mark a very notable one for the Canadian startup space if it goes through.

The company is said to be working with investment firm Goldman Sachs on an auction process with discussions still in early stages and a sale not been certain yet.

Hootsuite is one of the most popular social media management platforms with over 16 million users including more than 800 of the Fortune 1000 companies spanning over 175 countries making use of its service which supports social network integrations for the likes of Facebook, Instagram, Twitter, Reddit, LinkedIn, Google+, YouTube and several others.

A Hootsuite owl feels right at home in the cabin-themed office space of its Vancouver headquarters Hootsuite

The Vancouver headquartered firm employs nearly 1,000 across offices in San Francisco, London, Singapore and its Canadian headquarters while also counting over 3000 enterprise customers including Sony Music, Nokia, Marketo, Monster and many others.

Hootsuite has raised around $300 million and has made 12 acquisitions in its 10 year span with a notable $165 million Series B round led by IVP in 2013 which marked the largest ever for a Canadian software company.

Other notable investors in the company include Accel, Hearst Ventures, Fidelity, Voyager Capital and Blumberg Capital.

Share this...

Facebook

Pinterest

Twitter

Linkedin

Whatsapp

Email

Print