Indianapolis e-mail marketing firm ExactTarget, sitting rich on a huge $70 million funding it did mid last year, has made its first move beyond e-mail, so to speak: it has acquired enterprise Twitter client CoTweet, for an undisclosed sum, according to separate notes posted on CoTweet’s and ExactTarget’s company blogs. The rationale is simple, complete with hyperbole: “The combined companies will offer the first complete solution for businesses to manage all aspects of their online communication with customers and prospects, including email, mobile, and social media”
CoTweet will continue to operate in San Francisco and establish a new “Social Media Lab” for ExactTarget. It had raised about $1.1 million in funding last year from Baseline Ventures, Founders Fund, First Round Capital, SV Angel, Maples Investments, and Freestyle Capital.
Last September ExactTarget bought London-based Keymail Marketing to launch a new international division. The video below by Scott Dorsey, CEO of ExactTarget, and Jesse Engle, CoTweet CEO, explains the CoTweet acquisition in more detail, after the jump. Count how many times they use the word “authentic”…
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