① Cloud computing giant Salesforce (Salesforce) said on Tuesday that it has agreed to acquire Tenyx, which develops artificial intelligence voice agents; ② the deal is expected to be completed in the third quarter, and Tenyx team members will also join Salesforce; ③ This reflects Salesforce's growing competition for artificial intelligence tools and talents.
AFP, September 4 (Editor Zhou Ziyi) Cloud computing giant Salesforce (Salesforce) said on Tuesday (September 3) that it has agreed to acquire Tenyx, which develops artificial intelligence voice agents, to advance its AI-driven solutions.
The acquisition did not disclose the value of the transaction and is expected to close in the third quarter. As part of the acquisition, Tenyx's co-founder and CEO Itamar Arel and CTO Adam Earle and their team will join Salesforce.
Tenyx is a California-based startup founded in 2022. According to its website, the company's customers come from a variety of industries, including e-commerce, healthcare, hospitality, and travel.
AI talent competition
Over the years, Salesforce has maintained a rapid growth momentum and has developed into a giant in the cloud computing industry through acquisitions, innovation, and the establishment of good partnerships. Not last year was a difficult year for this cloud computing giant, and revenue is facing a slowdown.
Under pressure from aggressive investors, Salesforce last year implemented measures such as layoffs, dissolution of mergers and acquisitions committees, and doubling the scale of share repurchases to significantly increase profitability.
Last week, Salesforce reported revenue and profit for the second fiscal quarter ending July 31 that exceeded Wall Street's expectations, thanks to an increase in subscription and support business for its enterprise cloud products. Now, the company is once again seeking acquisitions to accelerate its revenue growth.
The move echoes similar deals reached by tech giants Microsoft and Amazon with AI startups this year, highlighting the growing competition among large enterprises for AI tools and talents.
In March of this year, Microsoft spent 0.65 billion dollars to acquire talent from artificial intelligence startup Inflection; in June of this year, Amazon also invested in several co-founders and team members of another AI startup, Adept.