Nigerian consumer data analytics firm Terragon Group has acquired Asian mobile marketing company Bizense in a cash and stock deal.
Based in Singapore, with operations in India and Indonesia, Bizense specializes in “mobile ad platform[s] for Telco’s, large publishers, and [e-commerce] ad networks” under its proprietary Adatrix platform — according to its website and a release.
The price of the acquisition was not disclosed.
Headquartered in Lagos, Terragon’s software services give its clients — primarily telecommunications and financial services companies — data on Africa’s growing consumer markets.
Products allow users to drill down on multiple combinations of behavioural and demographic information and reach consumers through video and SMS campaigns while connecting to online sales and payments systems.
Terragon clients include local firms, such as Honeywell, and global names including Unilever, DHL and international agribusiness firm Olam.
The company’s founder and CEO Elo Umeh sees cross-cutting purposes for Terragon services in other markets.
“Most of the problems we seek to solve for our clients in Africa also exist in places like South East Asia and Latin America,” Umeh told TechCrunch.
The Bizense acquisition doesn’t lessen Terragon’s commitment to its home markets, according to Umeh.
“We are…super focused on Africa right now, building out propriety platforms powered by data and artificial intelligence to help Telco’s, SMEs, FMCGs and financial institutions …increase their customer base and drive more transaction volumes,” he said.
Terragon’s CEO would not divulge the acquisition value, saying only that it consisted of “a combination of cash and stocks, with the actual amount not disclosed.”