Positions the leader in AI-fueled customer intelligence for next chapter of growth at scale
Under the acquisition, Glassbox to become a private company
Glassbox, the premier provider of AI-fueled customer intelligence solutions, has announced a definitive agreement with Alicorn Venture Partners for an all-cash transaction valued at approximately $150 million. This agreement positions Glassbox as an independent, privately held company, poised to drive category-defining innovation and sustainable growth in transforming online customer engagement.
- Transaction Details: Glassbox will become an independent, privately held company following an all-cash transaction valued at $150 million.
- Leadership Continuity: Glassbox will continue to be led by Chief Executive Officer Yaron Morgenstern and the existing management team.
- Vision for the Future: The investment from Alicorn underscores Glassbox’s commitment to revolutionizing customer engagement through cutting-edge AI innovations and a robust customer intelligence platform.
- Market Potential: Alicorn’s investment reaffirms confidence in Glassbox’s corporate strategy and market potential, particularly as the company expands its technological assets and AI capabilities.
CEO and Partner Statements
Glassbox CEO Yaron Morgenstern:
- Emphasizes the pivotal moment for Glassbox and the renewed commitment from Alicorn, highlighting the company’s vision for future growth and innovation.
Alicorn Managing Partner Alexander Assim:
- Expresses confidence in Glassbox’s leadership and its pioneering efforts in revolutionizing customer interactions, positioning Alicorn as an ideal partner to scale Glassbox and cater to increasing demand for enhanced digital experiences.
Continued Focus and Impact
Glassbox will continue collaborating with leading digital brands across various industries to capture online customer data securely and elevate digital experiences in real time. The company’s AI-driven solutions empower businesses to understand and optimize online customer behaviors, enhancing customer satisfaction and conversion rates.
Transaction Details
The transaction is expected to close in Q3 2024, subject to approval by Glassbox shareholders and customary closing conditions. Following the transaction’s completion, Glassbox will no longer be traded or listed on any public securities exchange.
Legal Representation
Glassbox is represented by Herzog Fox & Neeman, while Alicorn is represented by Fischer (FBC & Co.) in this transaction.