May 15, 2018
Menlo Park, CA – GrowthPoint is pleased to announce that their client, MarianaIQ, a high-growth Silicon Valley AI and Machine Learning startup, has been acquired by 8×8, Inc. (NYSE:EGHT), a leading provider of cloud phone, meeting, collaboration and contact center solutions. GrowthPoint acted as the exclusive financial advisor to MarianaIQ, headquartered in San Mateo, California.
MarianaIQ brings deep learning capabilities to 8×8’s X Series to transform both employee and customer experience. The MarianaIQ team, including founders Venkat Nagaswamy and Soumyadeb Mitra, have been leaders in applying AI and deep learning to practical business problems since 2013, and joined 8×8 to strengthen AI capabilities for enterprise communications.
Customer experience is the CIOs’ new battlefield. “With the acquisition of MarianaIQ, we are fundamentally transforming how customers and employees interact through one system of engagement, and how companies optimize valuable moments of customer engagement with one set of data in one system of intelligence,” said Dejan Deklich, Chief Product Officer, 8×8.
The 8×8 AI and Machine Learning team will help CIOs win the customer experience battle with key capabilities. “The acquisition of MarianaIQ is the right investment in making X Series, a single system of engagement and intelligence to deliver exceptional experience for both employees and customers,” said Bryan Martin, CTO, 8×8.
Vijay Rawat and Anson Kwan from GrowthPoint advised MarianaIQ on this transaction. For further information, please see the press release.