AcquisitionsJul 6, 2026, 07:31 AM
Banzai Completes Acquisition of ConnectAndSell for $13.2M
AI Summary
Banzai International, Inc. announced the completion of its acquisition of ConnectAndSell, Inc., an AI sales acceleration platform, effective July 2, 2026. The total purchase consideration was $13.2 million, comprising cash, a seller's note, and stock/warrants. This acquisition is expected to expand Banzai's platform capabilities, enhance revenue generation, and create cross-sell opportunities, with ConnectAndSell's FY 2025 revenue at $14.7 million and an 86% gross margin.
Key Highlights
- Banzai completed the acquisition of ConnectAndSell, Inc. on July 2, 2026.
- Total purchase consideration for ConnectAndSell was $13.2 million.
- Consideration included $5.5 million cash, $1.8 million seller's note, and $5.9 million in stock/warrants.
- ConnectAndSell reported FY 2025 revenue of $14.7 million with an 86% gross margin.
- Majority of ConnectAndSell's 38 team members will join Banzai.
- Banzai expects to recognize financial synergies by the end of FY 2026.
Price Impact
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