San Francisco, CA, USA, April 22, 2020 - Medallia, Inc. (NYSE: MDLA), a global provider in experience management, announced they entered into a definitive agreement to acquire Voci Technologies, a real-time speech to text platform.
The acquisition will combine Voci’s real-time speech to text capabilities with Medallia’s experience management platform to deliver a single view of the customer that can provide customer experience and deliver operational efficiency.
"Voci transcribes 100% of live and recorded calls into text that can be analyzed quickly to determine customer satisfaction, adding a powerful set of signals to the Medallia Experience Cloud," said Leslie Stretch, president and CEO of Medallia. "At the same time, Voci enables call analysis moments after each interaction has completed, optimizing every aspect of call center operations securely. Especially important as virtual and remote contact center operations take shape."
"Our whole company is delighted to be joining forces with experience management leader Medallia. We are thrilled that Voci’s powerful speech to text capabilities will become part of Medallia Experience Cloud," said Mike Coney, CEO of Voci. "The consolidation of all contact center signals with video, survey and other critical feedback is a game changer for the industry."
Posted by Veronica Silva Cusi, news correspondent
Medallia® is the Customer Experience Management (CEM) company that is trusted by hundreds of the world's leading brands, including Four Seasons, GE, Gold's Gym, Sephora, and Zurich Insurance. We enable companies to survey and capture customer feedback across Web, social, mobile, and contact center channels, understand it in real-time, and take action to improve the customer experience (CX).
About Voci Technologies Incorporated:
Pittsburgh-based Voci Technologies combines artificial intelligence (AI) and deep learning algorithms to deliver the best-in-class enterprise speech analytics platform. Voci’s innovative technology and strategic partnerships enable contact centers of all sizes to extract actionable intelligence from voice data to improve customer experience, operational efficiency and compliance requirements. Voci’s open platform gives its customers and partners the freedom to choose the deployment methods and analytics solutions that best meet their business needs. The company is backed by leading investors, including Grotech Ventures and Harbert Venture Partners.
Published: Friday, April 24, 2020
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