LivePerson Divests Kasamba
Sharpens its focus on leveraging proprietary data and Large Language Models to power Conversational AI for enterprise customers
NEW YORK, March 23, 2023 /PRNewswire/ -- LivePerson today announced that it has sold Kasamba to Ingenio, LLC ("Ingenio"), a portfolio company of Alpine Investors and owner of over 30 global marketplace and media platforms focused on lifestyle, spiritual, and emotional wellness.
Rob LoCascio, CEO of LivePerson, said, "LivePerson acquired Kasamba in 2007 when LivePerson was the leader in B2B chat and seeking to expand its reach to individuals who run service-based businesses such as tech support, tutoring and spirituality. We now sit at the forefront of Conversational AI for the enterprise market with a laser focus on empowering enterprises to harness and leverage proprietary data and Large Language Models. This was a great time to find a new home for Kasamba, and Ingenio is the ideal acquirer. We are grateful to the Kasamba leadership team, dedicated employees, and partners for being such a valued part of LivePerson over the years."
John Collins, CFO of LivePerson, said, "Kasamba was a highly profitable investment for LivePerson. The sale of Kasamba is one of many steps we've taken in recent months to reallocate resources to AI-led growth in our B2B Core."
Warren Heffelfinger, CEO of Ingenio, said, "We are excited to acquire Kasamba, a leading marketplace for spiritual wellness for the last 20 years. The addition of Kasamba further propels Ingenio in becoming the global leader in the lifestyle and wellness space and expands Ingenio's existing worldwide portfolio of over 30 marketplace and media brands. Welcome Kasamba to the Ingenio family!" Bryan Leppi, Ingenio's Chief Corp Dev Officer, added, "For over two decades Kasamba has been a trusted partner for those seeking a better lifestyle through emotional and personal growth. We're excited to significantly extend Ingenio's global footprint and offering with this acquisition."
Liran Shpitalnik, GM of Kasamba, added: "By joining forces with Ingenio, Kasamba is embarking on a new and exciting chapter of growth and innovation. We re delighted to bring together our unique strengths and expertise to create a powerful and diverse portfolio of products and services that meet the evolving needs of our customers around the world. With a shared commitment to excellence and a passion for helping individuals achieve their spiritual and wellness goals, we are confident that the possibilities for our combined group are limitless."
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SOURCE LivePerson, Inc.