Gigya
Customer Identity Management platform helps companies build better customer relationships by turning unknown site visitors into known, loyal and engaged customers.
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| - | investor investor investor investor investor investor investor investor investor investor | €0.0 | round |
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| N/A | $350m Valuation: $350m | Acquisition | |
| Total Funding | 000k | ||
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Gigya was established in 2006 in Tel Aviv, Israel, by co-founders Rooly Eliezerov, Eyal Magen, and Eran Kutner. Initially, the company focused on a content sharing technology called Wildfire, which was monetized through an advertising network, tapping into the then-prevalent social media trend of profile personalization. A significant pivot occurred, shifting the business from widgets and advertising to a Software-as-a-Service (SaaS) model focused on what would become its signature offering.
The company became a key player in the Customer Identity and Access Management (CIAM) market, a category it helped create. Gigya provided a cloud-based platform for enterprises to manage customer profiles, preferences, and consent settings. This allowed businesses to turn anonymous website visitors into known users by offering features like social login, customized registration-as-a-service, and user profile management. By unifying customer data from various touchpoints, the platform enabled clients to deliver personalized experiences across sales, marketing, and service channels. The business model was centered on providing these identity management solutions to large enterprises, with a client roster that included prominent names like Toyota, Forbes, Speedo, and Bayer.
A pivotal moment in Gigya's history was its acquisition by SAP in September 2017 for an estimated $350 million. By this time, the company managed 1.3 billion customer identities and had become a partner of SAP Hybris in 2013. The acquisition integrated Gigya's capabilities into the SAP Hybris portfolio, enhancing its customer engagement and commerce solutions. Patrick Salyer, who joined in 2007 and became CEO in 2011, was instrumental in guiding the company's growth and its successful scaling to over $100 million in annual recurring revenue. Following the acquisition, Gigya's technology became the foundation for what is now known as SAP Customer Data Cloud.
Keywords: customer identity management, access management, CIAM, data privacy, user profiles, single sign-on, personalization, consent management, SaaS, user engagement