NEW YORK, October 31, 2024 - Glassbox, the premier provider of AI-fueled customer intelligence solutions, today announced the successful closing of its take-private transaction with Alicorn Venture Partners.
Under the terms of the definitive agreement for the transaction that was previously announced on May 20, 2024, Alicorn Venture Partners has acquired all the outstanding shares of the company's stock. Under the leadership of Chief Executive Officer Yaron Morgenstern and the existing management team, Glassbox will continue its mission as an independent, privately held company focused on driving category-defining innovation and sustainable growth.
With the completion of the take-private acquisition, the shares ceased trading on October 31, 2024, and will no longer be listed on the Tel Aviv Stock Exchange.
"Today marks a pivotal moment for Glassbox as we complete this transaction and begin our journey as a private enterprise," said CEO Yaron Morgenstern. "This transition gives us the strategic flexibility to make long-term investments in our technology and accelerate our AI innovation roadmap, all while maintaining our dedication to our customers. With Alicorn's partnership and the dedication of our talented team, we're exceptionally well-positioned to define the future of digital customer intelligence and deliver even greater value to our global enterprise clients."
About Glassbox
Glassbox is the premier provider of AI-fueled customer intelligence solutions, working with the world's smartest digital brands to revolutionize the way companies engage and connect with their customers online. Purpose-built for the enterprise, Glassbox securely captures data across infinite digital interactions to understand the root causes behind customer behaviors, transforming data into decisions so brands can act in mere minutes. Customers across industries and geographies, including Marriott Hotels & Resorts, Quicken, Inc., Credit.com, Danone, L'Oreal, Nestle, Ace Hardware, Air Canada, and 60% of the largest U.S.-based banks, choose Glassbox to translate deep customer insights into enhanced digital experiences, leading to improved brand loyalty, conversions and revenue. Glassbox has been recognized for its industry prowess and strength of its solutions by G2, named a G2 Top Software Company and a leader in multiple categories based on high satisfaction scores from real customer reviews. To learn more about the brain behind the smartest digital brands, visit: www.glassbox.com.
About Alicorn Venture Partners
Alicorn is a venture capital firm specializing in secondary investments across Europe. The firm invests in and acquires stakes in technology companies, spanning our expertise in high-tech, deep-tech, and beyond. We inject capital, provide expert advice, and leverage our partners and network to unlock growth, bringing the dedication of private equity investing to venture capital.
Under the terms of the definitive agreement for the transaction that was previously announced on May 20, 2024, Alicorn Venture Partners has acquired all the outstanding shares of the company's stock. Under the leadership of Chief Executive Officer Yaron Morgenstern and the existing management team, Glassbox will continue its mission as an independent, privately held company focused on driving category-defining innovation and sustainable growth.
With the completion of the take-private acquisition, the shares ceased trading on October 31, 2024, and will no longer be listed on the Tel Aviv Stock Exchange.
"Today marks a pivotal moment for Glassbox as we complete this transaction and begin our journey as a private enterprise," said CEO Yaron Morgenstern. "This transition gives us the strategic flexibility to make long-term investments in our technology and accelerate our AI innovation roadmap, all while maintaining our dedication to our customers. With Alicorn's partnership and the dedication of our talented team, we're exceptionally well-positioned to define the future of digital customer intelligence and deliver even greater value to our global enterprise clients."
About Glassbox
Glassbox is the premier provider of AI-fueled customer intelligence solutions, working with the world's smartest digital brands to revolutionize the way companies engage and connect with their customers online. Purpose-built for the enterprise, Glassbox securely captures data across infinite digital interactions to understand the root causes behind customer behaviors, transforming data into decisions so brands can act in mere minutes. Customers across industries and geographies, including Marriott Hotels & Resorts, Quicken, Inc., Credit.com, Danone, L'Oreal, Nestle, Ace Hardware, Air Canada, and 60% of the largest U.S.-based banks, choose Glassbox to translate deep customer insights into enhanced digital experiences, leading to improved brand loyalty, conversions and revenue. Glassbox has been recognized for its industry prowess and strength of its solutions by G2, named a G2 Top Software Company and a leader in multiple categories based on high satisfaction scores from real customer reviews. To learn more about the brain behind the smartest digital brands, visit: www.glassbox.com.
About Alicorn Venture Partners
Alicorn is a venture capital firm specializing in secondary investments across Europe. The firm invests in and acquires stakes in technology companies, spanning our expertise in high-tech, deep-tech, and beyond. We inject capital, provide expert advice, and leverage our partners and network to unlock growth, bringing the dedication of private equity investing to venture capital.
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