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Prismm Acquires easyRAUM To Further Expand European PresenceBlog
Acquisition signifies the event technology company’s rapid growth and further expansion in the European Market.
January 12, 2021, San Francisco, CA and Dusseldorf, Germany.
Prismm, a global leader in innovative event technology, announced today its acquisition of Dusseldorf based, easyRAUM GmbH to further scale its rapid expansion into the European market. The acquisition broadens Prismm’s market presence, bringing the full power of its event technology platforms to venues, brands, corporates, and planners across Europe.
A long-time leader and serving some of the biggest names in the German speaking market, easyRAUM’s reputation and reach has been second to none. With thousands of users powering large scale events, it has been successfully serving and expanding its customer base for the past fifteen years.
“This is a strategic move for us to further scale our business in Europe by combining easyRAUM’s market presence, amazing team and customer base with Prismm’s cutting-edge technology platform.” said Yaron Lipshitz, Prismm CEO. “EasyRAUM has been a great partner of ours and we have worked so close together, that the acquisition seems more of a formality at this point. Thanks to our now German team, Prismm is now powering some of the largest venues and brands in the European market with our latest virtual event product exVo, already in use by the local industry” he added.
“We are pleased to open a new chapter with Prismm, for our customers, for the industry, and for our company” said Sabine Reise, Founder and Managing Director of easyRAUM and now Managing Director of Prismm GmbH. “Our many years of industry and market experience as well as the software development know-how complement the agile structures of Prismm perfectly”.
Sandy Hammer, co-founder and CMO of Prismm added: “The partnership with easyRAUM enabled us to short-circuit our expansion in this exciting market and to quickly bring value to some amazing brands. We are thrilled to have the team join our rapidly growing company.”
Financial terms of the transaction are not disclosed.
Contact: Meredith Vogel meredith@Prismm.com
Prismm is the world’s most innovative event technology platform powering hundreds of thousands of events a year. Through a cutting-edge 3D visualization platform including floorplan design tools, venue virtual tours, and revolutionary virtual/hybrid event solution, Prismm is transforming the event industry and leveraging innovation with superior customer service to help clients grow their businesses. It is the pure power of imagining together. https://www.Prismm.com