It’s been one year since Vancouver’s HootSuite acquired Seesmic for a reported $16 million but we should be prepared to hear about more acquisitions soon.
When HootSuite raised a whopping $165 million Series B round led by Insight Venture Partners earlier this month, observers wondered just how much of that windfall would go to founders and early investors and how much would be earmarked for growth by strategic acquisition.
Techvibes has learned that upwards of $100 million may be used for an aggressive acquisition strategy. HootSuite founder Ryan Holmes has confirmed that a “big percentage” of the funding round would be keep in treasury for strategic growth.
A bank account balance that size could easily be described as a war chest, so look out for some changes on the social media monitoring landscape soon.