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NLX acquires Radish Systems to enhance multimodal capabilities

Aug 01, 2024over 1 year ago

Acquiring Company

NLX

Acquired Company

Radish Systems

New YorkBoulderSoftwareInformation TechnologyVoipHardwareMessagingMobileSoftware

Description

NLX®, the AI platform for advanced conversational experiences, has announced its acquisition of Radish Systems and its patented ChoiceView® technology. The acquisition aims to improve NLX's proprietary technology with visual interaction on voice transactions, enhancing efficiency, user experience, and accessibility for customer service inquiries. Andrei Papancea, CEO and Chief Product Officer at NLX, expressed that the acquisition is part of NLX's broader growth strategy and ongoing investment in multimodal technology to deliver best-in-class conversational experiences.

Company Information

Company

NLX

Location

New York, New York, United States

About

NLX® revolutionizes the way AI powers customer experiences for large and enterprise brands.

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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