Sharpens its focus on leveraging proprietary
data and Large Language Models to power Conversational
AI for enterprise customers
NEW
YORK, March 23, 2023 /PRNewswire/ -- LivePerson
today announced that it has sold Kasamba to Ingenio, LLC
("Ingenio"), a portfolio company of Alpine Investors and owner of
over 30 global marketplace and media platforms focused on
lifestyle, spiritual, and emotional wellness.
Rob LoCascio, CEO of
LivePerson, said, "LivePerson acquired Kasamba in 2007 when
LivePerson was the leader in B2B chat and seeking to expand its
reach to individuals who run service-based businesses such as tech
support, tutoring and spirituality. We now sit at the
forefront of Conversational AI for the enterprise market with a
laser focus on empowering enterprises to harness and leverage
proprietary data and Large Language Models. This was a great time
to find a new home for Kasamba, and Ingenio is the ideal acquirer.
We are grateful to the Kasamba leadership team, dedicated
employees, and partners for being such a valued part of LivePerson
over the years."
John Collins, CFO of
LivePerson, said, "Kasamba was a highly profitable investment
for LivePerson. The sale of Kasamba is one of many steps we've
taken in recent months to reallocate resources to AI-led growth in
our B2B Core."
Warren Heffelfinger,
CEO of Ingenio, said, "We are excited to acquire Kasamba,
a leading marketplace for spiritual wellness for the last 20 years.
The addition of Kasamba further propels Ingenio in becoming the
global leader in the lifestyle and wellness space and expands
Ingenio's existing worldwide portfolio of over 30 marketplace and
media brands. Welcome Kasamba to the Ingenio family!" Bryan Leppi, Ingenio's Chief Corp Dev Officer,
added, "For over two decades Kasamba has been a trusted partner for
those seeking a better lifestyle through emotional and personal
growth. We're excited to significantly extend Ingenio's global
footprint and offering with this acquisition."
Liran Shpitalnik, GM of
Kasamba, added: "By joining forces with Ingenio, Kasamba is
embarking on a new and exciting chapter of growth and innovation.
We are delighted to bring together our unique strengths and
expertise to create a powerful and diverse portfolio of products
and services that meet the evolving needs of our customers around
the world. With a shared commitment to excellence and a passion for
helping individuals achieve their spiritual and wellness goals, we
are confident that the possibilities for our combined group are
limitless."
About Ingenio
Ingenio is the global leader in
lifestyle and emotional wellness. Headquartered in San Francisco, CA and with offices around the
world, including Paris,
Berlin, and Tel Aviv, Ingenio is a collection of online
marketplaces and media properties where people find emotional and
spiritual guidance, led by Keen and Purple Garden in the U.S.;
Questico and Viversum in Germany;
Kang in France, Italy, and Spain; and media properties that offer the
largest global collection of astrology content spanning web, app,
television and print media. With a team of more than 400
global colleagues, Ingenio is passionate about continuous
improvement and connecting people with the best content and
advisors to empower them to live happier lives.
About Kasamba
For over 20 years, Kasamba has been
committed to providing quality online psychic readings via live
chat, email, and phone to help clients attain a life full of love
and happiness. Millions of happy clients and 5-star ratings and
reviews are a testament to the fact that Kasamba hires the best
psychics who meet strict quality guidelines. Whatever the question
or life situation, Kasamba's experienced and professional psychic
advisors help guide clients and provide the answers they're
seeking, using their special gifts and spiritual tools like Tarot
Cards, Astrology, Runes, Numerology, Angels, Dream Interpretation
and more to help clients get real answers and powerful
insights.
About Alpine Investors
Alpine Investors is a
people-driven private equity firm that is committed to building
enduring companies by working with, learning from, and developing
exceptional people. Alpine specializes in investments in companies
in the software and services industries. Its PeopleFirst strategy
includes a CEO program that allows Alpine to bring leadership to
situations where additional or new management is needed
post-transaction. Alpine is currently investing out of its
$2.25 billion eighth fund. For more
information, visit http://www.alpineinvestors.com
About LivePerson
LivePerson (NASDAQ: LPSN) is a global
leader in Conversational AI. Hundreds of the world's leading brands
— including HSBC, Virgin Media, and Burberry — use our
Conversational Cloud platform to engage with millions of consumers
as personally as they would with one. We power nearly a billion
conversational interactions every month, providing a uniquely rich
data set to build connections that reduce costs, increase revenue,
and are anything but artificial. Fast Company named us the
#1 Most Innovative AI Company in the world. To talk with us or our
Conversational AI, please visit www.liveperson.com
Investor Relations Contact
ir-lp@liveperson.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/liveperson-divests-kasamba-301780178.html
SOURCE LivePerson, Inc.