The Commify Group of Companies
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The Commify Group of Companies - overview
Established
2018
Location
Nottingham, England, UK
Primary Industry
Internet
About
The Commify Group of Companies, based in the UK, provides a range of business messaging solutions that facilitate efficient communication between enterprises and their customers. Founded in 2018 and headquartered in Nottingham, UK, The Commify Group of Companies specializes in business messaging solutions. In September 2023, ECI Partners acquired Commify for GBP 256. 6 million from Hg, marking a significant investment in the company's strategy to bolster its acquisitions and product development.
The current CEO, Richard Hanscott, leads the company in its mission to enhance communication services. Commify specializes in a comprehensive suite of business messaging solutions designed to enhance communication between companies and their customers. Their core offerings include SMS, voice, web, IP/OTT, email, and intelligent multichannel messaging services. These services are delivered through both a self-serve online platform and tailored solutions that cater to more complex requirements, thereby addressing a diverse range of communication needs.
With a client base exceeding 46,000 businesses, Commify’s products are utilized across various industries, enabling seamless interactions between organizations and their customers or staff. The company serves a wide geographical footprint, providing services in key markets including the UK, Europe, Australia, and the United States, with brand deployments in cities like Amsterdam, Barcelona, Melbourne, and Dublin among others. In the most recent fiscal year 2023, Commify reported a revenue of GBP 89. 71 mn and an EBITDA of GBP 15.
64 mn. The company operates primarily on a B2B model, generating revenue through a combination of subscription-based services and tailored partnerships with businesses. The company’s transaction structure typically involves clients purchasing messaging solutions through a subscription that grants access to their self-serve platform or through customized solutions for larger enterprises, reflecting their diverse clientele. Following the acquisition by ECI Partners in September 2023, The Commify Group of Companies will utilize the GBP 256.
6 million investment to support further acquisitions across both existing and new countries, as well as accelerate future platform and product development. The company aims to enhance its product offerings with new messaging solutions and expand into new geographic regions, although specific markets and timelines have yet to be detailed.
Primary Industry
Internet
Sub Industries
Social Networking & Communication Platform, Email, Application Integration Software, Telecoms Providers & Services
Website
www.commify.com
Verticals
Mobile Apps
Total Amount Raised
Subscriber access only
The Commify Group of Companies - timeline of key events
The Commify Group of Companies - financials
| Fiscal Year Ended | Jun 30, 2013 | Jun 30, 2014 | Jun 30, 2015 | Jun 30, 2016 | Jun 30, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 7,647,856 | 9,829,827 | 12,576,294 | 23,199,373 | 25,768,313 | 44,414,000 | 38,046,000 | 39,458,000 | 50,816,000 | - | - | - |
| % Revenue Growth (YoY) | - | 28.5% | 27.9% | 84.5% | 11.1% | - | - | 3.7% | 28.8% | - | - | - |
| EBITDA (USD) | 666,054 | 1,072,266 | 1,923,559 | 3,853,463 | 5,003,179 | 7,962,000 | 9,811,000 | 9,286,000 | 5,702,000 | - | - | - |
| Operating Income (USD) | 568,243 | 925,340 | 1,701,079 | 3,518,335 | 4,573,012 | 6,676,000 | 8,131,000 | 6,956,000 | 2,214,000 | - | - | - |
| Operating Margin | 7.4% | 9.4% | 13.5% | 15.2% | 17.7% | 15.0% | 21.4% | 17.6% | 4.4% | - | - | - |
| % EBITDA Margin | 8.7% | 10.9% | 15.3% | 16.6% | 19.4% | 17.9% | 25.8% | 23.5% | 11.2% | - | - | - |
| NET Income (USD) | 458,466 | 871,503 | 1,562,626 | 3,549,376 | 4,787,422 | 6,107,000 | 8,682,000 | 7,321,000 | 1,508,000 | - | - | - |
| % Net Margin | 6.0% | 8.9% | 12.4% | 15.3% | 18.6% | 13.8% | 22.8% | 18.6% | 3.0% | - | - | - |
The Commify Group of Companies - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | The Commify Group of Companies | - | ||||||||
| Add-on | Completed | Spryng | - | ||||||||
| Add-on | Completed | Mediaburst Limited | - | ||||||||
| Add-on | Completed | TextAnywhere | - | ||||||||
| Add-on | Completed | Nubemática, S.L. | - |
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The Commify Group of Companies - employee data
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