Bigtincan Holdings Limited’s (ASX: BTH) wholly-owned US subsidiary, BTC Mobility, LLC has entered into an agreement to acquired 100% of the issued capital of VoiceVibes, Inc.
VoiceVibes is one of the most advanced audio analytics engines in the market, built by a team of speech, linguistic data science experts and Ph.Ds and supported by US Government funding programmes to create the future of voice analytics for coaching and engagement analysis.
Bigtincan CEO, David Keane, said VoiceVibes proprietary data set is one of the largest in the world that can measure human perception of voice. This vast data set is used to figure out how humans perceive emotion and intention from your voice. An independent study by Towson University showed that VoiceVibes successfully predicted 11 “vibes” (ways a human would perceive a voice) with at least 97% accuracy, and all 20 vibes with at least 90% accuracy.
“VoiceVibes’ AI-powered coaching platform helps professionals make the best impression, every time they speak. By adding the patented VoiceVibes technology, Bigtincan expands our lead in AI for sales enablement and helps our customers train their sellers faster.”
VoiceVibes CEO, Debra Cancro, said joining forces with Bigtincan at this stage would enable the compny to accelerate the application of its patented AI technology and provide cutting-edge insights into sales coaching and training.
Consideration for the acquisition is a combination of cash and equity made up of:
- a cash payment of US$1,261,600 at Closing (subject to adjustment for transaction expenses, cash balances and indebtedness);
- a cash payment of US$100,000 on or before the first anniversary of Closing (subject to set-off against warranty claims); and
- the issue of 750,220 fully paid ordinary shares in Bigtincan at A$1.098 per share based on the 30-day volume weighted average price per share as at 14 January 2021, with a value of US$638,400.
Bigtincan’s sales enablement platform helps organisations grow customer engagements into long-term valued relationships via four pillars of sales enablement: sales content management, sales training and coaching, document automation, and internal communications.
Designed in collaboration with Apple, our device-agnostic platform offers users a beautiful, intuitive UI that can be fully personalized to your brand and the way your teams work. Our UI is mirrored across desktop and mobile, making Bigtincan one of the only true mobile sales enablement platforms in the industry.
Integrated software solutions — including a modern learning management software (LMS), document automation, and a digital catalogue application — can be purchased as add-ons to extend the functionality of the main Bigtincan Hub platform. Additionally, 100+ third-party integrations allows Bigtincan to work seamlessly with your company’s existing tech stack.