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VTEX completes acquisition of Weni to enhance its composable and complete platform

Sep 04, 2024•over 1 year ago

Acquiring Company

VTEX

Acquired Company

Weni

LondonMaceióinformation technology & servicesArtificial IntelligenceE CommerceSoftwareArtificial IntelligenceSaasMachine Learning

Description

VTEX, the composable and complete commerce platform, has acquired Weni, a leader in customer service solutions fueled by advanced AI. This acquisition strengthens VTEX's ability to deliver a seamless, end-to-end customer experience platform tailored to the customized needs of its global enterprise brands and retailers. B2B and B2C businesses powered by VTEX will benefit from intuitive support options, driving sustained business success through a deeper, more connected commerce experience.

Company Information

Company

VTEX

Location

125 Kingsway

London, England, United Kingdom

About

VTEX is a composable and complete commerce platform trusted by 2,600 global enterprise brands and retailers. It has shown remarkable economic impact with enterprise brands seeing USD $5.8M in cost savings after migrating from legacy systems to VTEX. VTEX's commitment to efficiency and measurable outcomes aligns with its strategy to be the backbone of connected commerce, offering a complete, data-driven, AI-powered CX platform.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed