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(Reuters) – Enterprise cloud agency Salesforce (NYSE:) on Tuesday stated it has agreed to amass Tenyx, which develops synthetic intelligence-powered voice brokers, to advance its AI-driven options.
The acquisition, for which no deal worth was disclosed and is predicted to shut within the third quarter, will see Tenyx’s co-founders, CEO Itamar Arel and CTO Adam Earle, together with their staff, be a part of Salesforce.
Tenyx, a California-based startup based in 2022, caters to purchasers throughout numerous industries, together with e-commerce, healthcare, hospitality and journey, in keeping with its web site.
Final yr, Salesforce, below strain from activist traders, introduced plans to double its share buybacks and shift away from buying extra corporations after disbanding its mergers and acquisitions committee.
The San Francisco, California-based firm is now acquisitions to re-accelerate its income progress.
The transfer echoes comparable offers struck by tech giants Microsoft (NASDAQ:) and Amazon (NASDAQ:) this yr, highlighting the growing competitors for AI instruments and expertise.
Microsoft paid $650 million in March to amass expertise from AI startup Inflection, whereas Amazon employed a number of co-founders and workers from Adept, one other AI startup, in June.
Salesforce beat Wall Avenue expectations for second-quarter income and revenue final week, benefiting from greater spending on its enterprise cloud merchandise.
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