Tech Company M&A Transactions
TouchCommerce Acquisition
On 7/22/2016, TouchCommerce was bought by Nuance Communications. Nuance Communications disclosed that the acquisition price was $215 million.
Transaction Overview
Company Name
Acquired By
Announced On
7/22/2016
Transaction Type
M&A
Amount
$215,000,000
M&A Terms
The addition of TouchCommerce will help accelerate Nuance's Enterprise business and expand its customer care solutions with a range of new digital engagement offerings, including live chat, customer analytics and personalization solutions. Total consideration is $215 million. At closing, Nuance will pay $110 million in cash and $85 million in a combination of cash and Nuance common stock determined by Nuance, and the remaining $20 million will be paid at the conclusion of an indemnity period.
Company Information
Company Status
Acquired or Merged
Industry
Internet & IoT
Mailing Address
30501 Agoura Road 203
Agoura Hills, CA 91301
USA
Agoura Hills, CA 91301
USA
Phone
Website
Email Address
Overview
TouchCommerce is a leader in online interaction optimization. TouchCommerce solutions increase web site conversion for clients like Sprint, AT&T, Virgin Media, and Wyndham Hotels by 20% or more.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Bernard Louvat
Chief Financial Officer
Tony Rodriquez
Chief Information Officer
Soma Bulusu
Chief Marketing Officer
George Skaff
Chief Technical Officer
Jim Baalen
VP - Client Services
Rick Hoefert
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