Facebook acquired Israeli Redkix messaging company

Tinuku - Israel’s Redkix, whose product combines email and team messaging, said on Thursday it has agreed to be acquired by Facebook, where it will join the Workplace team to help companies collaborate. Facebook launched Workplace, its subscription-based social platform for businesses, in 2016.

Redkix did not disclose financial details but Israel’s Calcalist news website, citing a person familiar with the matter, said the deal was valued at about $100 million. Redkix, which has raised $20 million from investors including Salesforce Ventures, has offices in California and Tel Aviv.

Tinuku Facebook acquired Israeli Redkix messaging company

“Bringing people closer together is at the core of Facebook. Workplace brings this mission to enterprises to make them more connected and productive.” Redkix co-founders Oudi and Roy Antebi said.

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