San Diego’s Seismic CEO discusses $6 billion merger - San Diego Union-Tribune
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San Diego-based AI company Seismic on Tuesday announced that it completed its merger with longtime competitor Highspot, creating a combined company valued at $6 billion. Seismic and Highspot both sell go-to-market software, which uses AI analytics to help businesses work smarter. Their platform measures how successfully a company sells a product or service and offers advice to do it better. Together, both companies have over 2,500 customers and 3.5 million users worldwide, including IBM, Oracle, Uber, Workday and Adobe. The companies - which each have valuations over $3 billion - will combine and operate as Seismic, led by Rob Tarkoff, Seismic's new CEO of 10 months. Robert Wahbe, Highspot's founder and chief executive, will serve on the board of directors, the company said during the initial merger announcement in February. The two private companies did not disclose the terms of the deal on Tuesday. Tarkoff said that for now, both Highspot and Seismic will continue to operate separately. Clients will still have access to their purchased platform at the same price. But customers will feel the merger's impact through improved platform performance. Together, both platforms hold decades' worth of deep customer data from around the world – and combining all of that information makes the models better equipped to predict the behavior of target customers. "Selling a product is an...
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