Before the holidays, Uniphore announced it would be acquiring one of our early marketing technology investments, ActionIQ. The deal closed in late December and is an all stock transaction. It is a bittersweet day for us as we conclude our relationship with the company but look forward to being a small part of the Uniphore team going forward.
Throughout their life as an independent company, ActionIQ built a leading composable customer data platform (CDP) designed for enterprise brands to grow faster and deliver meaningful experiences for their customers. Enterprise brands like Albertsons, Atlassian, Bloomberg, e.l.f. Beauty, DoorDash, HP, and more use ActionIQ today to drive growth through better customer experiences. They were named a Visionary by Gartner this year which was a real proud moment for us and the company.
What's next? The company joins Uniphore at an interesting time as they try and conquer the emerging AI landscape with a "Zero Data AI Cloud." By bringing the companies together, enterprise customers will have access to an entire suite of AI capabilities that empowers organizations to move beyond proof-of-concept AI trials into full scale implementation, accelerating their digital transformation. We wish them the best of luck on the road ahead!
