Israeli media readership engagement platform OpenWeb (formerly SpotIM has announced it has acquired its rival Jeeng for $100 million. Jeeng has over 60 employees in its Tel Aviv and New York offices who will be integrated into OpenWeb's offices in those cities.
"OpenWeb and Jeeng are the perfect fit as we share the same vision," said Jeff Kupietzky, CEO of Jeeng. "OpenWeb is leading the industry in cultivating innovative, safe, and Web3-ready decentralized social experiences. Jeeng has excelled at providing personalized, automated communications with built-in monetization. Together, we’re forming a hyper-targeted and first-party data-rich 360 degree experience."