{"id":369205,"date":"2021-03-16T20:22:29","date_gmt":"2021-03-17T03:22:29","guid":{"rendered":"https:\/\/www.genesys.com\/?post_type=announcements&#038;p=369205"},"modified":"2021-03-16T20:22:00","modified_gmt":"2021-03-17T03:22:00","slug":"genesys-announces-intent-to-acquire-bold360-from-logmein","status":"publish","type":"announcements","link":"https:\/\/www.genesys.com\/en-sg\/company\/newsroom\/announcements\/genesys-announces-intent-to-acquire-bold360-from-logmein","title":{"rendered":"Genesys Announces Intent to Acquire Bold360 from LogMeIn"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_section full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1572299908147{padding-bottom: 0px !important;}&#8221;][vc_row equal_height=&#8221;yes&#8221; content_placement=&#8221;middle&#8221;][vc_column][vc_column_text el_class=&#8221;pre_h1&#8243;]03\/17\/2021[\/vc_column_text][vc_column_text]<\/p>\n<h1><strong>Genesys<\/strong> <strong>Announces Intent to Acquire<\/strong> <strong>Bold360<\/strong> <strong>from LogMeIn<\/strong><\/h1>\n<h2><em>The combination is set to advance its Experience as a Service vision and deliver the next frontier of digital customer experience<\/em><\/h2>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section][vc_section css=&#8221;.vc_custom_1572297878492{padding-top: 0px !important;}&#8221;][vc_row][vc_column][vc_column_text]<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/www.genesys.com\/en-sg\">Genesys<\/a>\u00ae, a global leader in <a href=\"https:\/\/www.genesys.com\/en-sg\/solutions\/customer-service\">cloud customer experience<\/a> and <a href=\"https:\/\/www.genesys.com\/customer-migrations\">contact centre solutions<\/a>, announced its intent to acquire Bold360, a leader in AI powered digital customer engagement. The proposed acquisition of Bold360 from LogMeIn will advance Genesys\u2019 Experience as a Service<sup>(SM)<\/sup> vision. Chosen by the largest businesses in the world and recognised by industry analysts, Bold360 is known for its leading digital capabilities, including its conversational AI, dynamic knowledge base and intuitive agent experience.<\/p>\n<p style=\"text-align: justify;\">By uniting Bold360&#8217;s complementary capabilities with the Genesys AI and data platform and partner ecosystem, Genesys will enable companies to deliver experiences that are fluid, context-based and personalised across any part of their business or channel. With Bold360, Genesys will accelerate its vision for <a href=\"https:\/\/www.genesys.com\/experience-as-a-service\">Experience as a Service<\/a>, reimagining how empathy can inextricably link marketing, sales and service experiences for customers.<\/p>\n<p style=\"text-align: justify;\">Experience as a Service makes it possible for companies to listen, understand and predict customer behavior before they act to deliver more effective and empathetic customer experiences. In fact, customer engagement and service are becoming far more strategic as they move from a cost centre to a revenue accelerator. According to Gartner, \u201cBy 2025, 40% of customer service organisations will become profit centres by becoming de facto leaders in digital customer engagement.<sup>1<\/sup>\u201d<\/p>\n<p style=\"text-align: justify;\"><strong>Comments on the News<\/strong><\/p>\n<ul style=\"text-align: justify;\">\n<li>\u201cThe overwhelming positive market reaction to Experience as a Service reflects how eager companies are to constantly innovate how they engage their customers with empathy,\u201d said Tony Bates, CEO and Chair. \u201cMany realise they\u2019re missing an opportunity to establish more human-level connections with their customers across every engagement on any channel. With Bold360, we&#8217;re aiming to transform digital into rich, dynamic personalised experiences companies and their customers will love.\u201d<\/li>\n<li>\u201cWith Genesys Cloud, we have a robust customer experience platform with all the features needed to raise the bar on the service we provide to members,\u201d said Aarde Cosseboom, Senior Director of GMS Technology, Analytics, and Product, TechStyle Fashion Group. \u201cThe combination of Bold360 and the Genesys Digital and AI platform is a game-changer, and we look forward to seeing how this can help us expand our digital channels.\u201d<\/li>\n<li>\u201cCompanies have to become customer-centric,\u201d said Alan Webber, program vice president of Customer Experience, IDC. \u201cThey need to orient their business processes around customer experiences instead of around individual channels. One of the most promising areas is uniting digital with the rest of the experiences.\u201d<\/li>\n<li>\u201cLogMeIn is proud to have developed Bold360 to become a customer engagement solution of choice for enterprise contact centres, supporting more than 1 billion interactions every year,\u201d said Bill Wagner, President and Chief Executive Officer at LogMeIn, a leading provider of cloud-based solutions across communications, security and IT that enable the work-from-anywhere era. \u201cWe\u2019re confident that Genesys is the right owner to unlock Bold360\u2019s full potential moving forward, as we focus our investments and innovations on enabling growing businesses to be productive, collaborative and secure in this new work from anywhere world through our other market-leading products.\u201d<\/li>\n<\/ul>\n<p style=\"text-align: justify;\">Upon close, Bold360 will join the Genesys Digital and AI business unit led by <a href=\"https:\/\/www.genesys.com\/blog\/post\/genesys-builds-its-next-billion-dollar-business-digital-customer-service\">Barry O\u2019Sullivan<\/a>, Genesys executive vice president and general manager. The acquisition is expected to build on the company\u2019s momentum in the market, with record-setting cloud growth and more than 800 new customers on <a href=\"https:\/\/www.genesys.com\/genesys-cloud\">Genesys Cloud<\/a>\u2122 and <a href=\"https:\/\/www.genesys.com\/genesys-engage\">Genesys Multicloud CX<\/a>\u2122 in fiscal year 2021.<\/p>\n<p style=\"text-align: justify;\"><strong>Details on the Transaction<\/strong><\/p>\n<p style=\"text-align: justify;\">The proposed transaction is expected to close the first half of calendar 2021. Fried, Frank, Harris, Shriver &amp; Jacobson LLP is serving as legal advisor to Genesys. Mizuho Securities USA LLC is serving as exclusive financial advisor to LogMeIn, and Latham &amp; Watkins LLP is serving as legal advisor.<\/p>\n<p style=\"text-align: justify;\"><strong>About Genesys<\/strong><\/p>\n<p style=\"text-align: justify;\">Every year, Genesys\u00ae delivers more than 70 billion remarkable customer experiences for organisations in over 100 countries. Through the power of the cloud and AI, our technology connects every customer moment across marketing, sales and service on any channel, while also improving employee experiences. Genesys pioneered Experience as a Service<sup>SM<\/sup> so organisations of any size can provide true personalisation at scale, interact with empathy, and foster customer trust and loyalty. This is enabled by Genesys Cloud<sup>TM<\/sup>, an all-in-one solution and a leading public cloud contact centre platform, designed for rapid innovation, scalability and flexibility. Visit <a href=\"https:\/\/www.genesys.com\/en-sg\">www.genesys.com\/en-sg<\/a>.<\/p>\n<p style=\"text-align: justify;\"><strong>About LogMeIn, Inc.<\/strong><\/p>\n<p style=\"text-align: justify;\">LogMeIn, Inc.\u2019s category-defining products, such as GoTo, LastPass, Rescue, LogMeIn Central and more, unlock the potential of the modern workforce by making it possible for millions of people and businesses around the globe to do their best work simply and securely\u2014on any device, from any location and at any time. A pioneer in remote work technology and a driving force behind today\u2019s work-from-anywhere movement, LogMeIn has become one of the world\u2019s largest SaaS companies with tens of millions of active users, more than 3,500 global employees, over $1.3 billion in annual revenue and approximately 2 million customers worldwide who use its software as an essential part of their daily lives. The company is headquartered in Boston, Massachusetts with additional locations in North America, South America, Europe, Asia, Australia and thousands of home offices around the globe.<\/p>\n<p style=\"text-align: justify;\"><strong>Forward Looking Statements<\/strong><\/p>\n<p style=\"text-align: justify;\">Statements in this press release that are not historical or current facts are forward-looking statements that involve risks and uncertainties. Unless required by law, Genesys undertakes no obligation to update or revise any forward-looking statements to reflect circumstances or events after the date of this press release.<\/p>\n<p style=\"text-align: justify;\"><em>\u00a92021 Genesys. All rights reserved. Genesys, the Genesys logo, Genesys Cloud, Genesys Multicloud CX and Experience as a Service are trademarks, service marks and\/or registered trademarks of Genesys. All other company names and logos may be registered trademarks or trademarks of their respective companies.<\/em><\/p>\n<p style=\"text-align: justify;\"><strong>Media contacts<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Genesys APAC<\/strong><\/p>\n<p style=\"text-align: justify;\"><strong>Manali Pattnaik<\/strong>, Senior Public Relations Manager, APAC<\/p>\n<p style=\"text-align: justify;\">Genesys<\/p>\n<p style=\"text-align: justify;\"><a href=\"mailto:manali.pattnaik@genesys.com\">manali.pattnaik@genesys.com<\/a><\/p>\n<p style=\"text-align: justify;\">+65 8321 7924<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Australia<\/strong><\/p>\n<p><strong>Yvette Schlegelmilch<\/strong>, Account Manager<\/p>\n<p>ZADRO<\/p>\n<p><u>yvette@zadroagency.com.au<\/u><\/p>\n<p>+61 423 954 224[\/vc_column_text][\/vc_column][\/vc_row][\/vc_section]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_section full_width=&#8221;stretch_row&#8221; css=&#8221;.vc_custom_1572299908147{padding-bottom: 0px !important;}&#8221;][vc_row equal_height=&#8221;yes&#8221; content_placement=&#8221;middle&#8221;][vc_column][vc_column_text el_class=&#8221;pre_h1&#8243;]03\/17\/2021[\/vc_column_text][vc_column_text] Genesys Announces Intent to Acquire Bold360 from LogMeIn The combination is set to advance its Experience as a Service vision and deliver the next frontier of digital customer experience [\/vc_column_text][\/vc_column][\/vc_row][\/vc_section][vc_section css=&#8221;.vc_custom_1572297878492{padding-top: 0px !important;}&#8221;][vc_row][vc_column][vc_column_text] Genesys\u00ae, a global leader in cloud customer experience and contact centre solutions, announced its [&hellip;]<\/p>\n","protected":false},"author":728,"featured_media":0,"template":"","class_list":["post-369205","announcements","type-announcements","status-publish","hentry"],"acf":{"news_date":"03\/17\/2021","utm_pass":false,"asset_expiration":"","disable_chat":false,"meta_title":"Genesys Announces Intent to Acquire Bold360 from LogMeIn ","meta_description":"Genesys Announces Intent to Acquire Bold360 from LogMeIn. 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