.
MergerLinks Header Logo

New Deal


Announced

Zoom to acquire Solvvy.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Friendly

Digital Services

machine learning

United States

Private

Pending

Single Bidder

artificial intelligence

Majority

Acquisition

information technology

Domestic

Synopsis

Edit

Zoom, a communications platform company, agreed to acquire Solvvy, a conversational AI and automation platform. Financial terms were not disclosed. “Zoom is poised to redefine the contact center category with its unique combination of unified communication and customer experience. We could not be more excited to join forces and further scale our unique conversational AI offering. Zoom’s Contact Center brings the same level of scalability, simplicity, and respect for the end-user, making Zoom the premier communications platform for businesses worldwide. When combined with our modern tech stack, talented team, and AI expertise, we believe we can fundamentally transform the customer experience. The benefits of Zoom’s deep technical expertise, industry-leading platform, and global reach will further scale the impact we have on our customers and serve new ones,” Mahesh Ram, Solvvy Chief Executive Officer and Co-Founder.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US