Global performance marketing software provider CAKE has been acquired by Constellation Software Inc. - a $20-billion international provider of market-leading software and services - it has been announced today (June 26).
The terms of the deal have not been outlined but the acquisition will now solidify CAKE’s innovation in performance marketing software and solutions for affiliate marketing as well as lead generation and multi-channel marketing. The investment also reinforces the firm’s commitment to superior customer support, providing performance marketers, advertisers and publishers with new opportunities to increase revenue.
“We are pleased to have acquired CAKE,” said Dexter Salna, President of Perseus, a Constellation operating group; “Their strong management team and focus on serving performance marketing customers make them a promising addition to Perseus.”
Constellation Software Inc. manages and builds industry-specific software businesses which provide specialised, mission-critical software solutions that address the particular needs of its customers. The company currently has over 125,000 customers in more than 100 countries and a proven track record of solid growth in addition to establishing a broad portfolio of software businesses to provide its customers and shareholders with exceptional returns.
“Constellation has demonstrated its ability to acquire and integrate companies with great success, and its acquisition of CAKE is a clear endorsement of our strategy and technical expertise in performance marketing,” commented Santi Pierini, President of CAKE.
“Since our inception, our mission has been to embrace a truly customer-driven approach. We intend to continue our tradition of delivering trusted technology and services driven by and for our clients, and are thrilled about the continued innovation this partnership will enable to drive our customers’ continued success.”
The acquisition comes after an exceptional period of growth and product innovation from CAKE. The company plans to leverage the investment by Constellation to build out its product roadmap and go-to-market execution including CAKE’s infrastructure, support mechanisms and engineering.