Gloo acquires Faith Assistant to enhance AI offerings for churches and ministries

Jan 15, 2025•6 months ago

Acquiring Company

Gloo

Acquired Company

Faith Assistant

Boulder

BozemanInformation TechnologyNatural Language ProcessingMachine LearningArtificial IntelligenceSoftware

Description

Gloo, the technology platform for the faith ecosystem, has announced the acquisition of Faith Assistant (previously Bible Chat). This strategic move expands Gloo's AI offerings to churches and ministries with custom models and community engagement capabilities, empowering ministry leaders with trusted AI tools for redemptive purposes.

Company Information

Company

Gloo

Location

831 PEARL STREET

Boulder, Colorado, United States

About

Gloo is the technology platform connecting the Christian faith ecosystem. Gloo connects ministry leaders to resources, people, insights and funding so their people and communities flourish and their organizations thrive. Gloo enables trusted exchange between organizations and people, so they can collaborate with greater confidence. Gloo serves over 90,000 churches and over 1,000 resource partners. Gloo is based in Boulder, Colorado.

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

Related People

Gloo acquires Faith Assistant to enhance AI offerings for churches and ministries

Description

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M&A Insights

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Company Information