Jens Oberbeck Named to New Executive Post at CRM Platform Pipedrive

Jens Oberbeck, a veteran in the sales and digital marketing world, is the new vice president of sales at Pipedrive, the New York City-based creator of the customer relationship management (CRM) tool and platform of the same name, according to an official news release from the firm. “I am beyond excited to join Pipedrive,” said […]
AI-Focused Firms Fuel Numerous CX Acquisitions This Year

A number of consolidations continue to occur in the CX industry, with companies specializing in artificial intelligence (AI) forming many targeted acquisitions this year. The buyouts are sending a clear message, analysts say: first, that the CX sphere is where big bets are being wagered in the world of customer relationship management (CRM); and second, […]
CX Investment and M&A Activity in the News

The Medallia buyout on July 26 by private equity firm Thoma Bravo—discussed in a separate Dash Network article —was not the only big transaction in the CX world in recent weeks. On July 19, Zoom Video Communications announced it was acquiring Five9 in a deal that will combine Zoom’s broad communications platform with Five9’s contact center […]
Medallia to Be Acquired by Investment Firm Thoma Bravo

In an all-cash transaction valued at $6.4 billion, global customer and employee experience company Medallia has agreed to be acquired by Thoma Bravo, one of the world’s largest software-focused private equity firms, both organizations announced on July 26. Under the terms of the agreement, shareholders of San Francisco-based Medallia will receive $34.00 per share in […]
Merkle Set to Acquire Commerce Services Firm LiveArea

In a deal that would unite two companies with significant customer experience management (CXM) and commerce services capabilities, Maryland-based Merkle Inc. has entered into an agreement to acquire Texas firm LiveArea. The transaction, announced by both companies in simultaneous news releases in early July, is valued at approximately $250 million. Merkle is known in the […]
