Quick Take
Medallia (MDLA) has announced the proposed acquisition of Voci Technologies for $59 million in cash.
Voci has developed an enterprise speech transcription system using machine learning algorithms.
With the deal, MDLA adds speech processing capabilities to its customer experience platform as customers demand a broader and more integrated approach.
MDLA has grown revenue and gross profit but there is no convincing path to profitability, so my bias on the stock is Neutral.
Target Company
Pittsburgh, Pennsylvania-based Voci was founded to enable software developers to build software that pulls data from voice