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SoundHound AI completes acquisition of Amelia to expand scale and reach in conversational AI

Aug 08, 2024•11 months ago

Acquiring Company

SoundHound AI

Acquired Company

Amelia

Santa ClaraNew YorkSoftwareInformation TechnologySaasArtificial IntelligenceSoftwareNatural Language ProcessingMachine Learning

Description

SoundHound AI, a pioneer in voice-enabled AI and conversational intelligence technologies, has successfully acquired Amelia. This strategic move significantly expands SoundHound AI's scale and reach in conversational AI across new verticals and strengthens its presence among hundreds of enterprise brands.

Company Information

Company

SoundHound AI

Location

5400 Betsy Ross Drive

Santa Clara, California, United States

About

SoundHound AI, Inc. is a global leader in voice artificial intelligence, offering voice AI solutions that enable businesses to provide incredible conversational experiences to their customers. SoundHound is a market leader for restaurant voice AI solutions, with fast, accurate voice ordering technology deployable across multiple channels, including phone, drive-thru, kiosk, and mobile app. The company also works with world-class clients in various sectors, such as smart devices, TVs, and automotive, with its solutions in millions of units globally.

DealWatch™ Score

62
High M&A Activity

M&A Opportunity Analysis

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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

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