CM.com Acquires CX Company
CM.com takes Conversational Commerce to the next level through the acquisition of leading Conversational AI provider CX Company.
CM.com, a global Conversational Commerce platform, strengthens its customer offering through the acquisition of CX Company, a European (cloud-based) digital conversation platform designed to automatically engage customers through personalization via virtual assistants, intelligent chatbots, and artificial intelligence-driven (AI) conversations. The transaction comprises a consideration of € 15.5 million (*Approximately $17.2 million USD) (excluding a capped earn-out). Upon closing, the acquisition will be immediately accretive to EBITDA.
*Approximated value based on 05/27/2020 EURO to USD Foreign Currency Exchange Rate