Business

Facebook buys online customer service startup Kustomer

Acquisition comes as the social network continues to weave e-commerce into its offerings

Updated 5 years ago · Published on 01 Dec 2020 7:00AM

Facebook buys online customer service startup Kustomer
More than 175 million people contact businesses via WhatsApp daily, and the number is growing, says WhatsApp chief operating officer Matt Idema and Facebook vice-president of business products Dan Levy –Pixabay pic, December 1, 2020

SAN FRANCISCO – Facebook on Monday announced it is buying a startup specialising in helping businesses interact with customers online.

The acquisition of five-year-old Kustomer comes as the leading social network continues to weave e-commerce into offerings, particularly its WhatsApp and Messenger messaging services.

More than 175 million people contact businesses via WhatsApp daily, and the number is growing, according to WhatsApp chief operating officer Matt Idema and Facebook vice-president of business products Dan Levy.

“With our complementary capabilities, we will be able to help more people benefit from customer service that is faster, richer and available whenever and however they need it – via phone, email, text, web chat or messaging,’ Kustomer chief executive officer Brad Birnbaum said of uniting with Facebook.

“In particular, we look forward to enhancing the messaging experience which is one of the fastest growing ways for people and businesses to engage.”

Kustomer, which is based in New York, will continue to service its existing clients after co-founders Birnbaum and Jeremy Suriel and the rest of the startup's team become part of Facebook, according to the companies.

The Kustomer platform provides software tools to help business representatives better tend to customer queries or concerns.

Facebook will provide resources for Kustomer to innovate and grow, according to Idema and Levy.

“That way, more people will benefit from customer service that is faster, richer and available whenever and however they need it,” the Facebook and WhatsApp executives said.

Financial terms of the deal were not disclosed, and it needs to be approved by regulators. – AFP, December 1, 2020

Related News

Off beat / 7mth

RM5 parking fee suddenly 'jumps' to RM1,469 as man is about to tap card

Malaysia / 7mth

Sarawak finalises acquisition of MASwings

Malaysia / 10mth

Cambodians flood PM Anwar’s Facebook with messages of gratitude for peace effort

Malaysia / 1y

Retirees prime target of scammers, caution police

Malaysia / 1y

AI generated pornography: Student charged

Malaysia / 1y

MCMC to assist probe into viral video involving PKR division candidates – Fahmi

Spotlight

Malaysia

Elderly man admits to hitting neighbour with iron rod

Malaysia

Body found at KLIA2 in tyre storage compartment of aircraft from Japan

Malaysia

Factory operator faces rape, unnatural sex charges involving polytechnic student

Malaysia

Ismail Sabri granted RM300k bail after pleading not guilty to asset declaration charge

By Alfian Z.M. Tahir

Malaysia

Sunway Lagoon ride halted as safety probe seeks to protect public - DOSH

Malaysia

Malaysia ready to deploy military expertise for Nepal flood relief, says Defence Minister

Malaysia

Violence in Thailand: Visitors drop by almost 50 per cent

By Ian McIntyre

You may be interested

Business

ASM 2 Wawasan declares seven-year high payout of 5 sen a unit

Business

Robo.ai swings to positive equity after US$46.7m first-half profit

By Alfian Z.M. Tahir

Business

Petronas revenue jumps 15% to RM152.4b as energy investments lift first-half earnings

Business

Robo.ai Inc announces appointment of new independent director

By Alfian Z.M. Tahir

Business

K8 Cargo: Company still in limbo, claims CEO

Business

Malaysia’s international reserves stand at US$132.07b in July

Business

Questions over traceability of nearly 77,000 tonnes of K8 cargo at Tanjung Langsat

Business

Oil falls for fourth day as Hormuz supply fears ease