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LiveVox Holdings, Inc. announced the completion of its business combination with Crescent Acquisition Corp (NASDAQ: CRSA) on June 18, 2021. Following the merger, LiveVox will operate under the ticker symbols “LVOX,” “LVOXU,” and “LVOXW” on Nasdaq starting June 22, 2021. The merger will enhance LiveVox's balance sheet by approximately $123 million, allowing for increased sales and marketing investment. LiveVox's cloud-based platform integrates customer engagement tools, aiming to address the evolving needs of modern contact centers, especially in AI and digital transformation.
Crescent Acquisition Corp (NASDAQ: CRSA) announced stockholder approval for its business combination with LiveVox Holdings, Inc. at a special meeting on June 16, 2021. Approximately 92% of votes cast supported the merger, representing 63% of Crescent's outstanding shares. The combination is expected to close around June 18, 2021, with trading under the symbols 'LVOX,' 'LVOXU,' and 'LVOXW.' Following redemptions, Crescent will have about $123 million in liquidity for the combined company, enhancing its financial position.
LiveVox Holdings announced the appointment of Dan DeLozier as Area Vice President of Channel and Alliances. DeLozier brings 16 years of experience in channel program management, previously serving Everbridge and other leading firms. His role aims to enhance LiveVox's sales and marketing, particularly in the growing contact center software market. LiveVox highlights its comprehensive omnichannel platform and AI capabilities, which facilitate improved customer engagement and operational efficiency.
LiveVox announced its CEO Louis Summe and CFO Gregg Clevenger will present at the Northland Capital Markets Customer Engagement SaaS Conference on June 15, 2021, at 11:30 AM ET. Interested participants can register for the presentation here. LiveVox, backed by Golden Gate Capital, specializes in cloud-based customer service and digital engagement tools, aiming to improve contact center performance through integrated technology.
Crescent Acquisition Corp (NASDAQ: CRSA) and LiveVox Holdings, Inc. announced first quarter financial highlights during a webcast on May 24, 2021. Key figures include a 119% year-over-year growth in bookings and 23% growth in contracted revenue. The company reiterated its full year 2021 revenue guidance of $129 million, expecting a 26% growth for 2022, with an upside to 35%. LiveVox anticipates accelerating contracted revenue growth, projecting a 25% year-over-year increase for 2021 as pandemic effects subside. A special meeting for stockholders is scheduled for June 16, 2021.
LiveVox, a cloud-based provider of customer service solutions, has launched the LiveVox Bot, an intelligent virtual assistant integrated into its messaging channels and Unified CRM. This tool allows customers to create and deploy virtual assistants quickly using a user-friendly Bot Editor, which efficiently manages customer interactions. The LiveVox Bot enhances customer engagement by providing personalized conversations and automating routine tasks, enabling live agents to assist with more complex issues. The launch positions LiveVox as a leader in omnichannel customer engagement.
Crescent Acquisition Corp (NASDAQ: CRSA) will host a webcast on May 24, 2021, at 8:30 a.m. EDT to discuss LiveVox Holdings, Inc.'s first quarter 2021 financial results. LiveVox, a cloud-based customer service platform, is merging with Crescent to become publicly traded. The merger's completion hinges on stockholder approval and customary conditions. Crescent filed a proxy statement with the SEC for this purpose. Interested parties are encouraged to review the definitive proxy statement for crucial information regarding the Business Combination.
Crescent Acquisition Corp (NASDAQ: CRSA) has filed a definitive proxy statement regarding its proposed business combination with LiveVox Holdings, Inc., a cloud-based customer service provider. A special meeting for stockholders is scheduled for June 16, 2021, at 10 AM PT, to vote on this proposal. If approved, the business combination is expected to close shortly after the meeting, with the combined company operating as LiveVox Holdings, Inc. under the ticker symbols "LVOX," "LVOXU," and "LVOXW" on Nasdaq.
LiveVox has partnered with Telarus, the largest privately-held technology services distributor in the U.S., to enhance its cloud-based customer engagement solutions. This partnership will provide more than 4,500 agents in Telarus’ network access to LiveVox’s digital tools, which facilitate seamless customer interactions across various channels. The collaboration aims to expand LiveVox's market presence and meet the growing demand for omnichannel customer experiences, potentially increasing customer loyalty and sales outcomes in industries like healthcare and finance.
LiveVox has announced the release of its contact center platform version 15, aimed at enhancing customer engagement and agent experience. CEO Louis Summe highlighted the challenges of managing customer data but emphasized improvements made to alleviate agent frustrations caused by multiple applications. Version 15 enhances agent experience through streamlined workflows, holistic customer profiles, and improved omnichannel messaging. The platform aims to optimize efficiency and reduce total ownership costs. LiveVox continues its plans to merge with Crescent Acquisition Corp, subject to stockholder approval.
