ArchiveSocial to merge with Monsido; acquisition of Next Request now final

ArchiveSocial to merge with Monsido; acquisition of Next Request now final


DURHAM – ArchiveSocial will merge with Monsido, the company announced today.

The merger follows the acquisition of Next Request by ArchiveSocial, which was announced earlier this year.

The company noted in a statement that governmental agencies and their communications employees remain under pressure to design and implement policies and practices that comply with regulations pertaining to digital content, stating that “the combination of these three solutions creates a comprehensive platform to help organizations communicate openly and effectively across their social channels and websites.”

The merger also takes these solutions globally.  According to its website, Monsido has offices in London, Copenhagen, Sydney, and San Diego.

According to Nancy Vodicka, a company spokesperson, Durham and Copenhagen will both be considered headquarters locations for the company, moving forward.

“We are working strategically to bring everyone together as a new company,” Vodicka told WRAL TechWire.

The company employs some 100 people in the Triangle, Vodicka said, up from about 80 employees last year.

The merger will now bring together about 250 employees, including those employees that joined the company with the acquisition of Next Request, which ArchiveSocial confirmed has been completed.

 

Durham’s ArchiveSocial lands $53M investment for its social media archiving expertise

 

In 2019, the Durham-headquartered company raised $53 million in investment capital from Level Equity, which has offices in New York and San Francisco.  Founder Anil Chawla, the company’s former CEO, remains the chairman of the company’s board of directors.  Triangle-based early-stage venture capital firm Cofounders Capital was among the company’s initial investors.

The company now has more than 6,000 clients, noted Vodicka.

The company is hiring for jobs based in North Carolina, and plans to hire additional roles across the entire company, according to Vodicka.  That includes roles in product, development, sales, marketing, customer experience, and operations, in the Triangle and in the company’s other locations.

Financial terms of the deal were not disclosed.

 





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Kassie Hoffman
Kassie pens down all the news from the world of politics on ANH.