financetom
Business
financetom
/
Business
/
Salesforce to acquire AI voice agent firm Tenyx, joining AI talent race
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Salesforce to acquire AI voice agent firm Tenyx, joining AI talent race
Sep 5, 2024 1:40 AM

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.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Copyright 2023-2026 - www.financetom.com All Rights Reserved