Agora to Acquire Easemob, a Leading Instant Messaging API Provider
January 27 2021 - 08:55PM
Agora, Inc. (NASDAQ: API) (“Agora” or the “Company”), a pioneer and
leading platform for real-time engagement APIs, today announced
that it has entered into a definitive agreement to acquire Easemob,
a leading provider of instant messaging APIs and customer
engagement cloud services in China, in an all-cash transaction.
“We are empowering developers to bring real-time
engagement to more and more online activities,” said Tony Zhao,
Founder, Chairman and CEO of Agora. “The primary ways for people to
engage with others online are video, voice and messaging. We are
the leader in video and voice, while Easemob is a leader in
messaging. Easemob perfectly complements our product offerings and
will accelerate the realization of our vision in making real-time
engagement ubiquitous. We are thrilled to welcome Easemob to the
Agora family.”
“Easemob is a company founded by developers and for
developers,” said Johnson Ma, Co-Founder and CEO of Easemob. “We
have known Tony for a long time and are impressed by how
persistently Agora has applied the same ‘developer first’
philosophy. By joining forces, we believe that we will be able
to provide developers with not only the most complete real-time
engagement API portfolio on the market, but a truly seamless
integration of video, voice and messaging to enable them to create
unique user experiences with speed and agility.”
The transaction is expected to close during the
first quarter of 2021, subject to the satisfaction of customary
closing conditions. There is no assurance that the transaction will
be completed within the anticipated timeframe, or at all.
Shareholders are cautioned not to place undue reliance on this
announcement.
About Easemob
Founded in 2013, Easemob (also known as “Huanxin”)
is a leading provider of Instant Messaging (IM) APIs and customer
engagement cloud services in China. Easemob’s IM APIs allows
developers to easily embed instant messaging into any application
and have consistently ranked as the top IM APIs based on mobile
penetration rates in China. Easemob’s customer engagement cloud is
a Software-as-a-Service product enabling businesses to engage with
their users and customers through chat, calls or chatbot.
About Agora
Agora’s mission is to make real-time engagement
ubiquitous, allowing everyone to interact with anyone, in any
application, anytime and anywhere. Agora’s platform provides
developers simple, flexible and powerful application programming
interfaces, or APIs, to embed real-time video and voice engagement
experiences into their applications.
Safe Harbor Statement
This press release contains ‘‘forward-looking
statements’’ within the meaning of Section 27A of the Securities
Act of 1933, as amended and Section 21E of the Securities Exchange
Act of 1934, as amended and the Private Securities Litigation
Reform Act of 1995. All statements other than statements of
historical or current fact included in this press release are
forward-looking statements, including but not limited to statements
regarding Agora’s financial outlook, beliefs and expectations.
Forward-looking statements include statements containing words such
as “expect,” “anticipate,” “believe,” “project,” “will” and similar
expressions intended to identify forward-looking statements. Among
other things, the Financial Outlook in this announcement contain
forward-looking statements. These forward-looking statements are
based on Agora’s current expectations and involve risks and
uncertainties that are difficult to predict and many of which are
beyond the Company’s control. Further information regarding these
and other risks, uncertainties or factors is included in our
filings with the Securities and Exchange Commission, including,
without limitation, the final prospectus related to the IPO filed
with the SEC on June 26, 2020. You are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. All forward-looking statements
are qualified in their entirety by this cautionary statement, and
Agora undertakes no obligation to revise or update any
forward-looking statements to reflect events or circumstances after
the date hereof.
For more information, please visit:
www.agora.io.
Investor Contact:
Fionna Chen
investor@agora.io
Media Contact:
Suzanne Nguyen
press@agora.io
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