Sept 3 (Reuters) - Enterprise cloud firm Salesforce ( CRM )
on Tuesday said it has agreed to acquire Tenyx, which
develops artificial intelligence-powered voice agents, to
advance its AI-driven solutions.
The acquisition, for which no deal value was disclosed and
is expected to close in the third quarter, will see Tenyx's
co-founders, CEO Itamar Arel and CTO Adam Earle, along with
their team, join Salesforce ( CRM ).
Tenyx, a California-based startup founded in 2022, caters to
clients across various industries, including e-commerce,
healthcare, hospitality and travel, according to its website.
Last year, Salesforce ( CRM ), under pressure from activist
investors, announced plans to double its share buybacks and
shift away from acquiring more companies after disbanding its
mergers and acquisitions committee.
The San Francisco, California-based company is now
looking at acquisitions to re-accelerate its revenue growth.
The move echoes similar deals struck by tech giants
Microsoft ( MSFT ) and Amazon ( AMZN ) this year, highlighting
the increasing competition for AI tools and talent.
Microsoft ( MSFT ) paid $650 million in March to acquire talent from
AI startup Inflection, while Amazon ( AMZN ) hired several co-founders
and employees from Adept, another AI startup, in June.
Salesforce ( CRM ) beat Wall Street expectations for second-quarter
revenue and profit last week, benefiting from higher spending on
its enterprise cloud products.