It looks like the $46 million that Sprinklr raised from investors earlier this month is powering the enterprise social media firm’s expansion drive with its announcement last week that it has acquired Get Satisfaction, an online customer engagement community platform connecting companies with their customers to foster valuable relationships.
This is Sprinklr’s fifth acquisition in just over a year.
In its press release, Sprinklr said the addition of Get Satisfaction adds industry-leading, community-based customer support to its Experience Cloud and will enable enterprise brands to create, manage, and deliver relevant experiences across almost 25 social channels and brand websites.
Sprinklr said it will integrate Get Satisfaction into its Experience Cloud, the new platform announced in tandem with the $46 million investment-raising – what I described as an “omnichannel offering” – that gives enterprise companies a complete, integrated, and collaborative set of social capabilities for managing social media, brand websites, content, paid advertising, and listening.
Sprinklr CEO Ragy Thomas noted in an email:
The addition of Get Satisfaction to the Sprinklr Experience Cloud enables our clients to deliver world class community-based customer support, while leveraging the same practices and processes they use for social customer care with Sprinklr today.
When all is said and done, our clients can create, manage, and deliver experiences that customers will love across 20+ social networks and brands’ websites.
One aspect of this deal that strikes me as especially significant is what it provides to Sprinklr in terms of access to and control of customer data and metrics for social media monitoring and analysis.
Access to data from a social network is typically via an API controlled by the network. If it’s shut down, or access otherwise is no longer allowed, the data flow stops which could be damaging to a business that relies on it for its service. A current case in point is Datasift and Twitter (and see the discussion in Robert Scoble’s Facebook post).
[…] This is where Get Satisfaction becomes an interesting acquisition for Sprinklr. What it will give the company is the ability to collect data from customers, about businesses and brands, on its own platform, which it can then use to power its wider analytics services.
“We have to honor third party terms and conditions, and we do,” [Carlos Dominguez, Sprinklr’s president] said, but the data that Sprinklr will have greater control over will give it much more flexibility in how that data is used and also presented, he added. “You can provide a richer experience to people. This tech has benefits for the brand and their customers. It enhances the experience.”
(And remember, Get Satisfaction has been around since 2007, giving it eight years of data collected already that could be used for analytics.)
Sprinklr didn’t disclose the terms of its acquisition of Get Satisfaction nor the value of the deal. Sprinklr says Get Satisfaction’s technology will be integrated into the Sprinklr platform “in the coming months.”