Facebook buys the Israeli Redkix team messaging platform for less than $ 100 million – Technology News, Firstpost



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Israel Redkix, whose product combines e-mail and team messaging, said on July 26 he agreed to be bought by Facebook, where he will join the Workplace team to help companies to collaborate.

  Redkix Founders.

Founders of Redkix.

Facebook launched Workplace, its social subscription platform for businesses, in 2016.

Redkix and Facebook did not disclose financial details. A source close to the transaction said Reuters the value of the deal was less than $ 100 million.

More than 30,000 companies use Workplace through Facebook to collaborate with colleagues and "do more work," a Facebook spokesperson

"Bringing people together is at the heart of Facebook," said Oudi. Roy Antebi, co-founders of Redkix, on a blog of the company's website. "Workplace brings this mission to businesses to make them more connected and productive."

Redkix, which raised $ 20 million from investors including Salesforce Ventures, has offices in California and Tel Aviv.

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