The Israeli company Nice acquires the American company LiveVox. Both companies are traded on the NASDAQ stock exchange.
Live-Vox has developed a platform based on artificial intelligence (AI) in the field of customer experience for proactive engagement with customers, and will be integrated into the overall platform in the cloud that NICE currently offers. The deal is expected to close during the first half of 2024.
The purchase is intended to help Nice add artificial intelligence capabilities to its products. As part of the agreement, Live-Vox shareholders will receive $3.74 per share. This is a 3.3% premium compared to yesterday’s share price on the Nasdaq exchange, as the share closed at $3.62. According to these parameters, the shareholders of Live-Vox will receive about 360 million dollars.
Barak Elam, CEO of Nice explains the deal:
“We are taking another giant step to make speech based on artificial intelligence a reality.”
