skip to main content
Close Icon We use cookies to improve your website experience.  To learn about our use of cookies and how you can manage your cookie settings, please see our Cookie Policy.  By continuing to use the website, you consent to our use of cookies.
Global Search Configuration

Ovum view

Summary

Genesys has acquired Altocloud Ltd., an Ireland-based privately held provider of artificial intelligence (AI)-based customer journey analytics applications. The combination of this proven customer journey analytics solution with Genesys' strong line-up of cloud-based customer engagement solutions will thrust Genesys to a higher level of competitiveness in the customer service marketplace.

The acquisition is a natural next step for Genesys

Despite recent technical and operational advances in multichannel contact centers, calling, emailing, or texting a company to ask a question, make a purchase, or request support is far from being a smooth and pleasurable event for most customers. As a result, many enterprises are searching for better processes and solutions to achieve a more successful interaction experience.

Genesys' acquisition of Altocloud is a major next step in improving the "customer journey" in contact centers interactions. Initial plans are for Genesys to integrate Altocloud's proven expertise in AI, predictive analytics, and customer journey management with the Genesys PureEngage solution in 2Q18 and gradually port these capabilities to the company's other cloud contact center offerings – PureCloud and PureConnect.

In recent years, other notable Genesys acquisitions have included Utopy (speech and text analytics), Angel (cloud-based IVR), and SoundBite (proactive outbound solutions). Earlier, Genesys had acquired Echopass, a cloud contact center vendor that built its technology on the Genesys platform and provided an initial step into the cloud marketplace. Although Genesys' customer base is still predominantly using its premises-based contact center technology, Genesys has achieved rapid growth in cloud solutions in the past few years.

Last year, Genesys introduced several improvements to advance the competitiveness of its products and services. These included use cases to empower customers with best practices; PureCloud System Status to add trust and transparency to the monitoring of customers' systems on the AWS network; and Kate, which was Genesys' initial entry into blended AI. The Altocloud acquisition is a logical next step for Genesys in expanding its AI and machine learning capabilities into customer journey analytics aimed at advancing customer/employee engagement applications to the next level.

Appendix

Further reading

Ovum Decision Matrix: Selecting a Multichannel Cloud Contact Center Solution, 2017–18, INT001-000005 (November 2017)

Global Contact Center Technology Spending Forecast: 2017–22, IT0020-000307 (August 2017)

Author

Ken Landoline, Principal Analyst, Customer Experience

ken.landoline@ovum.com

Recommended Articles

  • Service Provider Markets, Consumer & Entertainment Services,...

    MWC 2018 Highlights

    By Ronan De Renesse 27 Feb 2018

    Over 20 of our senior Ovum analysts and consultants attended this year’s Mobile World Congress in Barcelona at the end of February. In between meetings, briefings and presentations, our analyst team were blogging and tweeting about key developments, trends and rumors. Have a look through our daily MWC 2018 Highlights to find out what happened.

    Topics 5G AI IoT Cloud Payments SDN/NFV Smart home

  • Internet of Things

    IoT Viewpoints 2018

    IoT Viewpoints explore the IoT opportunity in 2018 and beyond. Download our latest e-book to get our newest collection of thought leadership articles on the emerging IoT trends, technologies and opportunities.

    Topics IoT

  • Consumer & Entertainment Services

    US pay TV: Is it facing an existential threat?

    By Adam Thomas 28 Mar 2018

    With US pay TV having endured the worst year in its history, thoughts have inevitably turned to the future. The likelihood remains that the immediate future will remain highly uncomfortable for everyone except the scaled multinational digital platforms.

;

Have any questions? Speak to a Specialist

Europe, Middle East & Africa team - +44 (0) 207 017 7700


Asia-Pacific team - +61 (0)3 960 16700

US team - +1 646 957 8878

Email us at ClientServices@ovum.com

You can also contact your named/allocated Client Services Executive using their direct dial.
PR enquiries - Call us at +44 788 597 5160 or email us at pr@ovum.com

Contact marketing - 
marketingdepartment@ovum.com

Already an Ovum client? Login to the Knowledge Center now