MarTech Series – Marketing Technology Insights
Capacity, an AI-powered support automation platform, today announced the acquisitions of Denim Social and LumenVox. Capacity’s support automation platform empowers teams to do their best work and deliver valuable customer experiences across channels. With the addition of Denim Social and LumenVox’s products, the platform is charting a course to provide solutions that define the future of work and omnichannel customer engagement for its 1,900+ customers across numerous industries.
Capacity’s acquisitions of Denim Social and LumenVox are fueling its transformation from a self-service, single channel tool to an omnichannel support and engagement automation platform. Whether providing customer and employee support, assisting agents or reaching out to customers, the Capacity platform now offers a complete solution across web, voice, SMS, email and social media.
“Customers need support everywhere. Our expanded platform will free up team members to do their best work while also building more meaningful relationships with their customers,” said David Karandish, CEO, Capacity. “Denim Social’s platform will empower brands to more effectively communicate with customers on their social channel of choice and LumenVox’s tools are key in our expansion into voice automation.”
Denim Social, based in St. Louis, is a software provider that elevates the way professionals in the banking, insurance, mortgage and wealth management industries connect and sell on social media. With Denim Social integrated into the platform, Capacity users will be able to launch proactive social media campaigns to reach customers and deepen relationships.
“Social media is a must-have tool for today’s modern seller. Combining Capacity’s AI-powered automations with Denim Social’s campaign tools will enable users across industries to more effectively stay engaged on social media and focus their time on delivering authentic interactions,” said Doug Wilber, CEO, Denim Social. Wilber has assumed the role of Chief Strategy Officer at Capacity, following the acquisition.
LumenVox is a leading global speech and voice technology provider based out of San Diego. LumenVox works with customers to build secure self-service and customer-agent interactions. Its tools will enable Capacity users to transform customer engagement with AI-driven speech recognition and voice authentication technology.
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“The right voice technology can save teams countless support hours. Marrying LumenVox’s technology with the Capacity platform ensures voice is a seamless part of the omnichannel experience,” said Nigel Quinnin, CEO, LumenVox. Quinnin will lead Capacity’s voice initiatives.
The acquisitions of Denim Social and LumenVox, significantly expand the capabilities and scale of the Capacity platform. Today, Capacity estimates that every month its platform will:
“With these two great additions to the Capacity platform, we’re proudly offering customers an all-in-one solution for support and customer experience,” said Karandish.
Capacity’s acquisitions of Denim Social and LumenVox closely follows a deal with Textel, an enterprise SMS provider, earlier this year. Capacity will maintain its headquarters in St. Louis. With the acquisitions, its headcount is now more than 100 employees. The terms of the transactions are confidential.
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