Italy-based TeamSystem has acquired marketing automation company Growens for $75.3M.

 






Italy-based TeamSystem has acquired marketing automation company Growens for $75.3M

TeamSystem reported $591M in revenue in 2021.


  • Growens is specifically selling its email service provider division. The team that works in this business has around 260 people across Italy, Spain, and Denmark.
  • The company has created numerous software products such as MailUp, ContactLab, and AcumbaMail.
  • Growens, founded in 2002, is based in Milan.
  • TeamSystem is an enterprise software solutions company that provides a suite of ERP products.
  • The company was founded in 2013 and is based in Italy.

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