LiveVox Holdings, Inc. - LVOX STOCK NEWS

Deepwatch has appointed John DiLullo as the new Chief Executive Officer, succeeding Charlie Thomas who will now serve as Chairman of the Board of Directors. This change is effective immediately. DiLullo, a seasoned cybersecurity executive with over 30 years of industry experience, has previously led companies like LiveVox and Lastline, which were acquired by NICE Systems and VMware, respectively. He has also held leadership roles at Forcepoint, F5 Networks, Cisco, HP/Aruba Networks, and Sonicwall. DiLullo holds a Bachelor of Science in Electrical Engineering from Villanova University and two US Patents in Signal Processing.

Deepwatch, known for its managed security platform, aims to expand its capabilities and tech partnerships under DiLullo's leadership. Charlie Thomas expressed confidence in DiLullo's ability to scale the company while maintaining its reputation for innovation and world-class service. DiLullo emphasized the company's strong position in the Managed Detection and Response market and expressed excitement about leading Deepwatch into its next growth phase.

Deepwatch has achieved a tenfold increase in its customer base under Thomas and has been recognized as a certified Great Place to Work® for four consecutive years. The company is backed by Springcoast Capital Partners, ABS Capital, and Goldman Sachs.

NICE (NASDAQ: NICE) has announced the acquisition of LiveVox (NASDAQ: LVOX), forming the market's only CX interaction centric cloud platform with advanced conversational AI capabilities. The acquisition is expected to contribute $142 million to NICE's full-year revenue in 2024, with no impact on revenue and expenses in 2023.

LVOX: LiveVox Holdings, Inc. Announces Q3 Financial Results and Merger Agreement with NICE, Ltd.

NICE to acquire LiveVox, a leading AI-driven proactive outreach provider, creating a unified platform for conversational AI. The transaction is expected to close in the first half of 2024. LiveVox stockholders will receive $3.74 in cash for each share of LiveVox common stock. The acquisition is expected to be cash flow positive and accretive to NICE’s operating income, operating margin, and non-GAAP EPS during 2024.

LiveVox selected by arrivia to optimize and automate their customer experience, resulting in productivity improvements of up to 20% for sales operations.

LiveVox recognized as a leader for TCO and ROI in Ventana Research's 2023 Buyers Guide for Contact Center Suites

LiveVox (Nasdaq: LVOX), a cloud CCaaS platform provider, has partnered with Jenne, Inc., a leading cloud services broker and value-added distributor. This collaboration aims to expand LiveVox's North American CCaaS customer base by offering Jenne's resellers immediate access to LiveVox's platform.

The partnership will enable contact centers to transition from on-premise solutions to cloud-based systems with AI and automation capabilities. It combines LiveVox's cloud contact center solutions with Jenne's pre- and post-sales support to deliver tangible results and ROI for the contact center industry.

This strategic alliance allows Jenne to provide its partners with a comprehensive CCaaS solution, while helping LiveVox increase its distribution through Jenne's network. The collaboration aims to meet the growing demand for cloud-based contact center solutions with AI capabilities.

LiveVox Holdings, Inc. (NASDAQ: LVOX) reported a 7.2% year-over-year growth in total revenue to $35.4 million and a positive adjusted EBITDA of $1.1 million for the second quarter of 2023. The company's CEO expressed satisfaction with the performance, highlighting a record number of new domestic and international wins. Gross profit and margin also showed significant improvement compared to the same period last year.

LiveVox Holdings, Inc. will release its Q2 2023 financial results on August 8, 2023. The company will host a conference call to discuss its results and business outlook.