Genesys (company)

Last updated
Genesys
FormerlyGenesys Telecommunications Laboratories
Type Private
Industry Software
Founded1990;33 years ago (1990)
Founders
  • Gregory Shenkman
  • Alec Miloslavsky
Headquarters
Menlo Park, California
,
U.S.
Area served
Worldwide
Key people
RevenueIncrease2.svg $2.0 billion [1]  (2022)
Owners
Number of employees
6000+ (2023)
Website genesys.com

Genesys, or Genesys Telecommunications Laboratories, Inc., is an American software company that sells customer experience (CX) and call center technology to mid-sized and large businesses. [2] It sells both cloud-based and hybrid cloud software. The company was founded in 1990 [3] and was acquired by investment firms Permira Funds and Technology Crossover Ventures (TCV) in February 2012. [4]

Contents

History

Genesys was founded by Gregory Shenkman and Alec Miloslavsky in October 1990. [3] [5] The company's original seed funding was $150,000 in loans from the founders' families. [3] The company completed its initial public offering (IPO) in June 1997 and was listed on the NASDAQ stock exchange under the ticker symbol GCTI.

In late 1999, Alcatel-Lucent (then Alcatel) acquired Genesys for $1.5 billion. [6]

In October 2007, Paul Segre succeeded Wes Hayden as Genesys's chief executive officer (CEO). [7]

In February 2012, Permira and TCV acquired Genesys from Alcatel-Lucent for $1.5 billion. [4] [8]

In July 2016, private equity investor Hellman & Friedman purchased a $900 million stake in Genesys from majority owners Permira and Technology Crossover Ventures, valuing the company at $3.8 billion. [9]

In May 2019, former Skype CEO Tony Bates joined Genesys as the new CEO, with former CEO Segre moving to the position of chairman. [10]

Acquisitions

The company has grown over the years through a series of acquisitions.

In December 1997, Genesys acquired Forte Software, Inc. (later renamed Adante). [11]

In December 1998, Genesys acquired Plato Software Corporation. [12]

In June 1999, the company acquired Next Age Technologies, a workforce management software developer. [12]

In May 2001, the company purchased IBM's CallPath computer telephony integration (CTI) business. [13]

In 2002, Genesys parent Alcatel acquired Telera, a Campbell, California-based developer of voice portal and interactive voice response (IVR) systems, and merged the company into Genesys. [14]

In April 2006, Genesys acquired VoiceGenie Technologies, a developer of voice self-service software based on VoiceXML. [15]

In December 2007, Genesys announced it acquired Informiam, a developer of performance management software for customer service operations. [16]

In January 2009, Genesys announced the acquisition of Conseros, a developer of high-volume work item management software and SDE Software Development Engineering, a creator of hosting management software for contact centers. [17]

In May 2013, the company acquired Angel.com, a provider of cloud-based contact center solutions, from parent company MicroStrategy, for $110 million. [18]

In March 2014, the company acquired Solariat, a developer of software to measure and manage social media engagements for customers. [19]

In May 2014, the company acquired OVM Solutions, a developer of cloud-based customer communications software. [20]

In 2016, the company acquired the Genesys division of EIT, its regional partner in Korea.[ citation needed ] In December, Genesys acquired Interactive Intelligence, a developer of customer experience software for the cloud, for $1.4B [21]

In February 2017, Genesys acquired Silver Lining, an employee performance management company that developed applications to support and analyze employee performance and learning automation. [22]

In February 2018, Genesys acquired AltoCloud, a customer journey analytics provider. [23]

In March 2020, the company acquired nGUVU, a partner purchased to add gamification to its workforce engagement management suite. [24]

In March, 2021, the company announced the acquisition the Bold360 suite of digital engagement software from LogMeIn. [25]

Products

The company develops call center software for businesses. The software is available over the cloud, or as on-premises software. The company's products include the following:

Operations

Genesys is headquartered in Menlo Park, California, and has offices in Canada, Latin America, Europe, the Middle East, Africa, Asia, and Australia. [2] [29]

Sponsorships

Genesys is the primary sponsor of IndyCar Series driver James Hinchcliffe in the #29 Andretti Autosport Honda. The company also has sponsorships with the Texas Motor Speedway for the Genesys 300 and Genesys 600 races. [30] [31]

See also

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References

  1. ↑ "Genesys Cloud CX revenue growth of approximately 50% year-over-year propels company past $2 billion total revenue". PR Newswire. March 2, 2023. Retrieved June 23, 2021.
  2. 1 2 Patrick Hoge (11 March 2014). "To go, or not to go: Tech's IPO shuffle". San Francisco Business Times. Retrieved 6 May 2014.
  3. 1 2 3 Scott McCormack (6 July 1998). "The Russia house". Forbes . Retrieved 6 May 2014.
  4. 1 2 Patrick Hoge (15 June 2012). "Paul Segre, president and CEO of Genesys". San Francisco Business Times. Retrieved 6 May 2014.
  5. ↑ "Genesys Telecommunications Laboratories, Inc". Securities and Exchange Commission. 1997. Retrieved 7 May 2014.
  6. ↑ "Alcatel plans to buy Genesys for $1.5 Billion". The New York Times . September 29, 1999. Retrieved June 24, 2021.
  7. ↑ Leonard Klie (3 October 2007). "Genesys CEO Leaves for Nuance Post". Destination CRM. Retrieved 7 May 2014.
  8. ↑ "Alcatel-Lucent sells Genesys for $1.5bn". Financial Times. 19 October 2011. Retrieved 7 May 2014.
  9. ↑ "Private equity firm takes $900M stake in Genesys call center business". Silicon Valley Business Journal. July 21, 2016. Retrieved June 24, 2021.
  10. ↑ "Genesys Taps Former Cisco, Microsoft, Skype Exec as CEO". No Jitter. May 6, 2018. Retrieved June 24, 2021.
  11. ↑ "FORTE ACQUIRED BY GENESYS". Telecom Paper. March 10, 1998. Retrieved June 24, 2021.
  12. 1 2 "Form 10-K". Securities and Exchange Commission. September 28, 1999. Retrieved June 24, 2021.
  13. ↑ "Genesys' Acquisition of IBM's CallPath Will Allow Both to Focus". Gartner. May 16, 2001. Retrieved June 24, 2021.
  14. ↑ "Alcatel Will Merge Telera Into Genesys, Challenge IVR Market". Gartner. June 3, 2002. Retrieved June 24, 2021.
  15. ↑ "Genesys Rubs Aladdin and Acquires VoiceGenie Technologies". Destination CRM. April 5, 2006. Retrieved June 24, 2021.
  16. ↑ "Genesys Acquires Informiam". Destination CRM. December 11, 2007. Retrieved June 24, 2021.
  17. ↑ "Genesys Acquires Informiam". TMCNET. January 22, 2009. Retrieved June 24, 2021.
  18. ↑ "Genesys Acquires Angel.com". May 10, 2013. Retrieved June 24, 2021.
  19. ↑ "Genesys Acquires Social Customer Care Provider Solariat". Destination CRM. March 19, 2014. Retrieved June 24, 2021.
  20. ↑ "Genesys acquires OVM Solutions". IT Web. May 6, 2014. Retrieved June 24, 2021.
  21. ↑ "Genesys to Buy Interactive Intelligence in $1.4 Billion Deal". Bloomberg.com. 2016-08-31. Retrieved 2021-04-13.
  22. ↑ "Genesys announces acquisition of Silver Lining Solutions". ITP. March 7, 2017. Retrieved June 24, 2021.
  23. ↑ "Genesys Chooses Altocloud as Next Strategic Acquisition". No Jitter. February 27, 2018. Retrieved June 24, 2021.
  24. ↑ "Genesys Acquires Gamification Startup nGUVU". No Jitter. March 3, 2020. Retrieved June 24, 2021.
  25. ↑ "Genesys Acquires Digital Engagement Suite from LogMeIn". No Jitter. March 16, 2021. Retrieved June 24, 2021.
  26. 1 2 3 "Genesys Debuts New Cloud Branding". No Jitter. January 14, 2020. Retrieved July 1, 2021.
  27. ↑ "Multicloud Momentum Drives Genesys Partnerships | No Jitter". www.nojitter.com. Retrieved 2022-01-05.
  28. ↑ "Genesys DX: Driving Digital Customer Engagement". No Jitter. January 14, 2020. Retrieved July 1, 2021.
  29. ↑ "Genesys Global Offices". Genesys. Retrieved 2022-11-01.
  30. ↑ "Texas' INDYCAR race adds Genesys sponsorship". Indycar.com. February 26, 2020. Retrieved June 24, 2021.
  31. ↑ "How first-year title sponsor Genesys is making most of fan-less IndyCar race at TMS". Star Telegram. June 5, 2020. Retrieved June 24, 2021.
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