Business
Leading Small Business Software Provider Thryv Holdings, Inc. Announces Closing of the Acquisition of Australia’s Sensis from Platinum Equity and Telstra
Dallas, March 01, 2021 (GLOBE NEWSWIRE) -- Thryv® to enter the Australian small and medium businesses (SMB) sector through acquisition of leading digital
About this update from Thryv Holdings, Inc.
[{"type":"text","content":"Dallas, March 01, 2021 (GLOBE NEWSWIRE) -- Thryv® to enter the Australian small and medium businesses (SMB) sector through acquisition of leading digital marketing and directory services provider SensisAcquisition brings over 100,000 Sensis customersFocus on helping Australian small businesses adopt cloud-based software solution to better compete in a post-pandemic economy. Thryv Holdings, Inc. (NASDAQ:THRY), the provider of Thryv® software, the end-to-end client experience platform for growing small businesses, today announced it has closed the acquisition of Sensis, Australia’s leading digital, marketing and directory services provider from Platinum Equity and Telstra Corporation Limited (ASX: TLS). “This is a transformational acquisition for Thryv, and one that will help Australian small businesses (SMBs) better compete in a digital economy,” said Thryv CEO and President Joe Walsh. “COVID-19 has radically reshaped the perspective of small businesses around the globe. Solutions that ensure SMBs have the tools they need to generate confidence and convenience for their customers have gone from a ‘nice to have’ to a ‘must have’ in this post-pandemic world. “The acquisition of Sensis follows our strategy of expanding internationally where small businesses are ready to modernize their operations in order to serve their customers faster and more efficiently – from anywhere, including mobile devices.” Thryv’s flagship SaaS product, Thryv®, enables small businesses to easily accept appointments, build digital customer lists, email and text customers, send reminders and notifications, deliver estimates and invoices, accept contactless payments, and generate online ratings and reviews. Sensis CEO John Allan, who will lead Thryv’s Australian operations and report to Walsh, said the acquisition made sense from a customer—and organizational—alignment perspective. “Our organizations share a similar heritage through our profitable Yellow and White Pages brands, which we will continue to develop,” Allan said. “Both organizations aim to be the primary partner of SMBs by helping them establish, grow and run their day-to-day business activities from their mobile phone. “In recent years, we’ve seen many Australian businesses forced to invest more in IT platforms than actual employees. Thryv ends that fractured, costly, and complex approach. “We a...