NEW YORK, Nov. 22, 2021 /PRNewswire/ — FE International, Inc., the global market leader in mid-market technology mergers and acquisitions (MA), announces the acquisition of Mobiniti, a text marketing platform, by PennSpring Capital.
Launched in 2014, Mobiniti helps customers expand their sales through mobile marketing and SMS alert efforts through a market-leading software platform. Mobiniti provides text marketing services to more than 1,000 organizations across numerous industries.
Managing Partner at PennSpring Capital Lou Castelli said, “Bryan and Rocco have given their heart and soul to Mobiniti since its 2014 founding, and they have secured an enviable position at the forefront of SMS marketing. We believe that the platform’s total addressable market is effectively limitless, with 92% of Americans owning cell phones and text messages receiving 98% open rates (with 40% engagement). Mobiniti is local to us, and we are honored to begin working
Article source: https://www.prnewswire.com/news-releases/mobile-marketing-platform-mobiniti-acquired-by-pennspring-capital-301429547.html
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