omnichannel intelligent assistance
M&A Watch: Verint Acquires Next IT, Accelerating Acceptance of Omnichannel Intelligent Assistance
With its acquisition of Next IT, Verint signals that Intelligent Assistance technologies most definitely fit into the customer care mainstream. Next IT, a Spokane-based company, was founded in 2002 and was, until yesterday, one of a small cadre IA "pure plays," providing hardware, software and services that enable brands to build enterprise-grade, conversational virtual agents and digital assistants. Among its showcase icons are SGT STAR (for the U.S. Army) and Jenn for Alaska Airlines and dozens of others. The purchase price starts at $30 million in cash at the time of completion, with performance-based additions that could make the total value of the deal $51 million, according to a report in Newsday. From Opus Research's perspective, the transaction is a "win-win" for both firms.