Dutch software firm MessageBird rebrands as Bird, slashes prices


Visitors attend the MessageBird messaging platform booth at the Mobile World Congress in Barcelona Spain February 26 2018. REUTERSSergio PerezFile Photo

Visitors attend the MessageBird messaging platform booth at the Mobile World Congress in Barcelona, Spain, February 26, 2018. REUTERS/Sergio Perez/File Photo

AMSTERDAM (Reuters) - Privately held Dutch cloud communications software company MessageBird said on Thursday it has rebranded as "Bird" and is cutting prices to well below those of U.S. rival Twilio in a bid to win market share.

"Today we are ... taking our margins to zero," CEO Robert Vis said in a blog post on the company's new domain

A spokesperson said the company could not comment beyond the blog statement.

Bird helps companies manage their communications with consumers via all channels -- messaging apps, phone calls, video calls, online chats and email.

A source familiar with the company said Bird registered EBITDA, or earnings before interest, taxes, depreciation and amortization, of around 80 million euros ($87 million)in 2023. The company is weighing an IPO on the Euronext stock exchange in 2024 or 2025.

In 2021 Bird raised $800 million from investors including Eurazeo, Tiger Global and Owl Rock and purchased email giant SparkPost in a deal worth $600 million.

($1 = 0.9200 euros)

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(Reporting by Toby Sterling; Editing by Susan Fenton)

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