Glassbox to Be Acquired by Alicorn Venture Partners

Glassbox

Glassbox (TASE: GLBX), a London, UK-based provider of AI-powered customer intelligence solutions, is to be acquired by Alicorn Venture Partners, in an all-cash transaction valued at approximately $150M.

The transaction is expected to close in Q3 2024. Upon completion of the transaction, Glassbox will no longer be traded or listed on any public securities exchange.

Led by CEO Yaron Morgenstern, Glassbox is a provider of AI-fueled customer intelligence solutions, working with digital brands for their companies engage and connections with customers online. It securely captures data across digital interactions to understand the root causes behind customer behaviors, transforming data into decisions so brands can act in mere minutes.

Customers across industries and geographies, including Marriott Hotels & Resorts, Quicken, Inc., Credit.com, Danone, L’Oreal, Nestle, Ace Hardware, Air Canada, and banks, use Glassbox to translate customer insights into enhanced digital experiences, leading to improved brand loyalty, conversions and revenue.

Alicorn Venture Partners has supported the company’s growth over the past years.

FinSMEs

20/05/2024