The companies' products and networks will combine into a
best-of-both-worlds offering that builds and powers the next
generation of AI tools for sales, marketing, and partner
ecosystems.
PHILADELPHIA, June 25, 2024 /PRNewswire/ -- Crossbeam, the
Philadelphia-based Ecosystem-Led
Growth platform, announced today that Reveal, the Paris-based Nearbound Revenue platform, would
be joining forces with the company in an all-stock transaction. The
combined company, which will be called Crossbeam, will lead a new
category of go-to-market software that enables marketing, sales,
and partnerships teams to leverage their partner ecosystems to
attract, convert, and grow customer relationships.
The two companies will combine their innovative product
offerings and user networks to create an unparalleled scale of
ecosystem data and insights from over 25,000 companies globally.
The unified network will represent the world's largest repository
of ecosystem data, a critical input to all AI systems used by
go-to-market teams. The transaction builds further on the two
companies' strategic product integrations with AI leaders including
Gong, Salesforce, HubSpot, and others. Crossbeam will also
build its own AI-driven products powered by the network.
"This merger is about innovation," said Crossbeam CEO and
co-founder Bob Moore. "Our most
successful customers are leveraging AI powered by ecosystem data to
write the new revenue playbook, and by joining forces with Reveal,
we'll become a catalyst for this important change across all
industries and geographies."
The success of current and new customers is at the forefront of
the integration plan of the two companies. Both companies have seen
high customer growth across all industries and both their
networks have grown tenfold since the beginning of 2021. Customers
will benefit from the unified vision to create a
best-of-both-worlds customer experience that includes a roadmap of
new innovative products for all go-to-market teams and a single
data platform and network to enable new, powerful playbooks for
efficient growth.
"This is a very exciting milestone for the market and for all
Crossbeam and Reveal customers. Users will no longer have to switch
between each network and product depending on who they are
partnering with and will be able to fully leverage the power of
ecosystem data," said Reveal CEO and co-founder Simon Bouchez. "We're all excited to move
forward together and looking forward to some truly great things
ahead."
"We're so excited to rally behind these teams in their mission
of changing the way companies grow," said a16z General Partner and
Crossbeam Board Member Sarah Wang. "This is a category creation
moment. Efficient, scalable growth has never been more important in
the technology landscape, and it's undeniable that businesses with
ecosystem-led strategies are the most successful."
Bob Moore will serve as
co-founder and CEO of Crossbeam. Simon
Bouchez will lead multiple teams across Crossbeam as
co-founder and COO. Executives from both companies have taken
leadership posts across the combined entity. The company's Board of
Directors will consist of Simon, Bob, and representatives from each
company's key investors: Sarah Wang
from a16z, Brad Fiedler from Insight
Partners, Logan Bartlett from
Redpoint Ventures, and Matt Turck
from FirstMark Capital.
Learn more about this announcement here.
About Crossbeam
Crossbeam is the first and largest
Ecosystem-Led Growth platform, used by more than 25,000 companies
to attract, convert, and grow customer relationships using their
partner ecosystems. Sign up for free today by visiting
https://www.crossbeam.com.
For media inquiries, please contact media@crossbeam.com
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SOURCE Crossbeam