CM Group, which has been on a steady acquisition course, apparently is taking a step back -- it is selling Delivra, the email automation firm, to British Columbia-based Redbrick.
Terms of the deal, which was announced on Wednesday, were not disclosed.
Delivra, which delivers over 200 million messages per month, thus becomes the fifth company within the Redbrick portfolio, including Assembly, Shift, Rebase, and Leadpages. It will help Redbrick extend its digital impact in the North American market, the firm says.
What Delivra brings to the party is “in-depth knowledge in supporting digital entrepreneurs and SMBs with the delivery of marketing content through automated and personalized emails,” states Tobyn Sowden, CEO of Redbrick.
These ‘late-stage funnel capabilities,’ will provide a full suite of conversion tools when combined with Redbrick’s Leadpages, a no-code website builder.
Why would CM Group let go of an asset like Delivra?
Emma, which had been blended with Delivra and Campaign Monitor under the latter's brand name, in 2018, will remain part of CM Group.
CM Group’s majority owner, Insight Venture Partners, acquired Emma and Delivra in September 2017, and CM Group announced it was merging them under the Campaign Monitor brand in June 2018. Vector Capital, previously the majority owner of Cheetah Digital, became a substantial minority owner in CM Group following that firm's merger with Cheetah Digital, announced in October 2021, when that deal closes.
A year later, Campaign Monitor acquired Liveclicker and Sailthru.
“We are excited to join the Redbrick team and bring the strengths of their robust portfolio as a whole to our customers,” states
Note: Additional material was added to this story.