Interactions Corporation

Last updated
Interactions LLC
Industry Customer Care
Founded2004
Fateactive
Headquarters
Franklin, Massachusetts
Area served
 Telecommunication, Hospitality, Finance, Insurance and Warranty, Retail, Utility, Consumer Software and Electronics, and Healthcare
Key people
Michael Iacobucci (CEO),

Bruce Bowden (CFO), Jim Freeze (CMO),

Phil Gray
ProductsVirtual Assistants

Interactions LLC is a privately held [1] technology company that builds and delivers hosted Virtual Assistant applications that enable businesses to deliver automated natural language communications for enterprise customer care.

Contents

History

Interactions LLC was founded in 2004 and is headquartered in Franklin, Massachusetts. [2] Since inception, Interactions has raised $167M [3] and is venture-backed by Sigma Partners, Cross Atlantic Capital Partners, Updata Partners, North Hill Ventures, Revolution Growth, NewSpring Capital, and Comcast Ventures. Michael Iacobucci serves as Interactions' CEO. [4] Interactions has additional offices in Indiana, Michigan, New Jersey and New York.

In 2010, Interactions received PCI DSS compliance validation. [5]

In April 2012, Interactions was named a 2012 Gartner 'Cool Vendor' in CRM Customer Service and Social. [6]

In November 2014, Interactions announced the acquisition of AT&T's Speech and Language Technology group, [7] along with its AT&T Watson(SM) platform.

In June 2016 the company announced a new service named Curo Speech and Language Platform, based on the acquired AT&T technology, to provide enhanced natural language understanding within its products. [8] Later in 2016 the company updated its Virtual Assistant offering to include a voice biometric add-on, which helps prevent fraud in automated Virtual Assistant interactions. [9]

In May 2017, Interactions acquired AI-based social media engagement innovator Digital Roots. [10] Interactions Digital Roots uses social AI, natural language processing and machine learning to help global household brands engage with consumers on social media. In September 2017, Interactions was named to the Forbes Next Billion-Dollar Startups list. [11]

Services

Operating under a SaaS business model, Interactions' service includes both an application's design and build, as well as continuous operating and tuning. [12]

Customers

Interactions' customer base includes consumer-facing companies, including Hyatt, TXU Energy, The Salt River Project, Westar Energy, and LifeLock. Interactions customers represent the Telecommunication, Hospitality, Finance, Insurance and Warranty, Retail, Utility, Consumer Software and Electronics, and Healthcare industries.[ citation needed ]

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References

  1. ↑ "Interactions Corporation raises 12m more to ease the pains of automated customer service".
  2. ↑ "Franklin firm works to improve business interactions".
  3. ↑ https://www.americaninno.com/boston/the-10-top-funded-artificial-intelligence-startups-in-boston/
  4. ↑ "Franklin firm works to improve business interactions". MetroWest Daily News. Retrieved 1 March 2012.
  5. ↑ "Interactions corp validated as PCI DSS compliant". tmcnet.com. TMC Net. 2010-11-24. Retrieved 2016-11-24.
  6. ↑ "Interactions Corporation named 'Cool Vendor' by Leading Analyst Firm". prnewswire.com. PR Newswire. 2012-04-12. Retrieved 2016-11-24.
  7. ↑ "AT&T sells its Watson speech recognition tech to Interactions Corporation in equity deal". venturebeat.com. Venture Beat. 2014-11-05. Retrieved 2016-11-24.
  8. ↑ "Interactions Launches Curo Speech, Revolutionizing Customer Care". interactions.com. 2016-07-22. Retrieved 2016-11-24.
  9. ↑ Top, Derek (2016-11-23). "Interactions Adds Voice Biometrics to Curo Platform". opusresearch.net. Opus Research. Retrieved 2016-11-24.
  10. ↑ "Interactions Acquires Pioneer Digital Roots".
  11. ↑ "The Next Billion-Dollar Startups 2017". Forbes .
  12. ↑ "Humana expands deployment of voice portal technology". 3 November 2011.
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