Kolsquare Acquires Woomio to Bolster Leadership in Influencer Marketing Technology

Deal News | Dec 17, 2024 | PR Newswire Cision Kolsquare

Kolsquare, a certified B Corporation and Europe's leading influencer marketing technology platform, has announced the acquisition of Woomio, a pioneering influencer marketing software company based in Copenhagen. This acquisition is part of Kolsquare's strategy to enhance its position in new markets and strengthen its European leadership. Founded in Paris in 2018 by CEO Quentin Bordage, Kolsquare has rapidly grown into a premier data-driven influencer marketing solution provider. Their platform facilitates end-to-end management of influencer marketing strategies, using sophisticated analytics across six primary social networks globally. Woomio, established in 2014 by Zeth Edwardsen and Torsten Petersen, serves clients across 16 countries with an emphasis on the Nordic region. Their software is widely used by over 300 successful brands and agencies, including Rituals, Flying Tiger, and Red Bull. As part of the acquisition, Woomio will join Kolsquare in promoting ethical influencer marketing practices. Kolsquare recently joined the team.blue group, which supports its growth and acquisition strategy across Europe. The merger will help accelerate Kolsquare's growth and establish it as a trusted influencer marketing technology in Europe.

Sectors

  • Influencer Marketing
  • Technology

Geography

  • Europe – The acquisition strengthens Kolsquare's presence across Europe, with a focus on the Nordic region where Woomio has established clients.
  • Northern Europe – Woomio, being a key player in Northern Europe, highlights this region's significance in the acquisition strategy.

Industry

  • Influencer Marketing – Both Kolsquare and Woomio operate in the influencer marketing sector, focusing on software solutions for marketing campaigns involving influencers.
  • Technology – The acquisition involves enhanced technological solutions in the influencer marketing space, reflecting innovation and data-driven strategies.

Financials

    Participants

    NameRoleTypeDescription
    KolsquareBidding CompanyCompanyEurope's leading data-driven influencer marketing technology platform, aiming to expand its presence and leadership in Europe through this acquisition.
    WoomioTarget CompanyCompanyA leading influencer marketing software company in the Nordics, providing insights and automation for marketing campaigns.
    Quentin BordageCEO of KolsquarePersonFounder and CEO of Kolsquare, leading the company's strategic growth and acquisition plans.
    Zeth EdwardsenCo-Founder and CEO of WoomioPersonCo-Founder of Woomio, involved in the strategic directives and operations of the company.
    Torsten PetersenCo-Founder of WoomioPersonCo-Founder of Woomio, instrumental in the company's growth and development.
    team.blueParent CompanyCompanyOne of Europe's largest private technology companies, supporting Kolsquare's growth and acquisition strategy.