Zencity
Funding | Jan 22, 2025 | Business Cloud
US-based community engagement platform Zencity has announced its acquisition of the UK-based engagement software company Commonplace. This strategic move is expected to expand Zencity's reach to over 200 million people globally through a broader range of engagement tools using analytics, AI, surveys, and social media monitoring. Commonplace is renowned for its involvement in more than 3,500 individual projects across the UK, serving both public bodies and private sector groups. Customers such as the Mayor of London and Westminster City Council will benefit from the combined entity's enhanced capabilities, ensuring a comprehensive understanding of public priorities and effective decision-making processes. Eyal Feder-Levy, CEO of Zencity, expressed excitement over the acquisition, emphasizing the growth potential in the UK market. The acquisition will introduce Zencity's services to additional public sector clientele across six countries, including 45 US states.
Sectors
- Community Engagement Technology
- Software
Geography
- United States – Zencity is headquartered in the United States and has a significant customer base, impacting many of the largest cities in the country.
- United Kingdom – The acquisition of Commonplace based in the UK marks a significant expansion of Zencity's presence within the UK market, enhancing services for various UK public bodies.
Industry
- Community Engagement Technology – The article focuses on companies providing digital platforms for community engagement, enhanced by analytics and AI tools.
- Software – The acquisition of a UK engagement software company highlights the role of advanced software solutions in promoting civic engagement and public interaction.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Zencity | Bidding Company | Company | US-based community engagement platform expanding its operations through the acquisition of Commonplace. |
| Commonplace | Target Company | Company | UK-based engagement software company with projects across public bodies and private sector groups. |
| Eyal Feder-Levy | CEO of Zencity | Person | CEO and co-founder of Zencity. |
| Mike Saunders | CEO of Commonplace | Person | CEO of Commonplace, leading the company prior to its acquisition by Zencity. |