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M&A Deal Summary

Vonage Acquires Over.ai

On August 6, 2019, Vonage acquired internet software and services company Over.ai from i.am+

Acquisition Highlights
  • This is Vonage’s 6th transaction in the Internet Software and Services sector.
  • This is Vonage’s 1st transaction in Israel.

M&A Deal Summary
Date 2019-08-06
Target Over.ai
Sector Internet Software and Services
Buyer(s) Vonage
Sellers(s) i.am+
Deal Type Divestiture

Target

Over.ai

Tel Aviv, Israel
Over.ai is a Voice and Conversational AI provider for enterprise communications. Over.ai provides intelligent virtual assistant functionality via APIs, enabling businesses to enhance their IVR; handle complex interactions with real-time human-like interactions over phone lines, and lower operational costs while significantly improving service. Over.ai was founded in 2014 and is based in Tel Aviv, Israel.

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Buyer(S) 1

Buyer

Vonage

Holmdel, New Jersey, United States
Category Company
Founded 2000
Sector Communications
Revenue 1.4B USD (2021)
DESCRIPTION
Vonage office in Atlanta, Georgia.
Vonage office in Atlanta, Georgia.

Vonage is a provider of communications services connecting individuals through cloud-connected devices worldwide. Vonage's technology serves approximately 2.3 million subscribers. Vonage was formed in 2000 and is based in Holmdel, New Jersey.

DEAL STATS #
Overall 9 of 10
Sector: Internet Software and Services M&A 6 of 6
Type: Divestiture M&A Deals 2 of 2
Country: Israel M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-20 NewVoiceMedia

Hampshire, United Kingdom

NewVoiceMedia Ltd. is a global provider of cloud contact center technology that enables businesses to create exceptional, emotive customer experiences to serve better and sell more. Its award-winning platform joins up all communications channels without expensive, disruptive hardware changes and plugs straight into your CRM for full access to hard-won data. With a true cloud environment and proven 99.999% platform availability, NewVoiceMedia ensures complete flexibility, scalability and reliability.

Buy $350M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-19 Jumper.ai

Singapore, Singapore

Jumper.ai is a provider of omnichannel conversational commerce solutions that creates omnichannel, messaging-first customer engagement and shopping journeys across social, messaging, and web (WhatsApp, Messenger, Apple Business Chat, Instagram, Twitter, SMS, LINE, Google Ads, Brand websites, and more). Jumper.ai was formed in 2017 and is based in Singapore.

Buy -

Seller(S) 1

SELLER

i.am+

Los Angeles, California, United States
Category Company
Founded 2012
Sector Electronics
DESCRIPTION

i.am+ is a manufacturer and provider of wireless bluetooth earphones. i.am+ was established in 2012 and is based in Los Angeles, California.

DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Israel M&A 1 of 1
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-27 Wink Labs

New York, New York, United States

Wink Labs, Inc. is a mobile based application that enables users to analyse, monitor and control electronics products in home from anywhere. Wink Labs, Inc. was established in 2013 and is based in New York, New York.

Buy -
Mergr

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