Genesys (company)

Genesys, or Genesys Telecommunications Laboratories, Inc., is a company that sells customer experience and call center technology to mid-sized and large businesses.[4] It sells both cloud-based and on-premises software. Genesys is headquartered in Daly City, California,[4] and has offices in Canada, Latin America, Europe, the Middle East, Africa, Asia, and Australia. The company was founded in 1990[5] and was most recently acquired by Permira Funds and Technology Crossover Ventures in February 2012.[6]

Genesys
FormerlyGenesys Telecommunications Laboratories
TypePrivate
IndustryCustomer experience
Founded1990 (1990)
Founders
  • Gregory Shenkman
  • Alec Miloslavsky
Headquarters
Daly City, California
,
United States
Area served
Worldwide
Key people
Tony Bates (CEO) [1]
Products
  • Genesys Engage
  • Genesys Cloud
  • PureConnect
Services
  • Business Consulting
  • Professional Services
  • Managed Services
Revenue $2 billion[2] (2016)
Total assets31,015,000 United States dollar (2020) 
Owner
Number of employees
5,935[3]
Websitewww.genesys.com

History

Founding and ownership

Genesys was founded by Gregory Shenkkman and Alec Miloslavsky in October 1990.[5][7] The company's original seed funding was $150,000 in loans from the founders' families.[5] The company completed its initial public offering (IPO) in June 1997 and was listed on the NASDAQ stock exchange under the ticker symbol GCTI. Paul Segre succeeded Wes Hayden as Genesys's chief executive officer (CEO) in October 2007.[8] Tony Bates joined Genesys as the new CEO in May 2019.

Alcatel-Lucent (then Alcatel) acquired Genesys for $1.5 billion in late 1999.[9]

Permira and Technology Crossover Ventures acquired Genesys from Alcatel-Lucent for $1.5 billion in February 2012 [6][10]

Acquisitions

1997 Forte Software, Inc. (later renamed Adante), a developer of e-mail management software, in December 1997,[11] and Next Age Technologies, a workforce management software developer.[12]

2001 IBM's CallPath computer telephony integration (CTI) assets.[13]

2002 Telera, a Campbell, California-based developer of voice portal and interactive voice response (IVR) systems.[14]

2006 VoiceGenie Technologies, a leader in voice self-service solutions based on VoiceXML.[15]

2007 Informiam, a developer of performance management software for customer service operations.[16]

2008 Conseros, developer of high-volume work item management software and SDE Software Development Engineering, a creator of hosting management software.

2014 Solariat (March 2014) for social media analytics.

2014 OVM Solutions (May 2014) for cloud-based proactive communications and customer interactions.

2016 EIT regional partner in Korea - acquiring the Genesys division in November 2016.

2016 Interactive Intelligence (December 2016) for $1.4B [17]

2017 The company also acquired Silver Lining in February 2017 for Employee Performance Management, providing applications to support and analyze employee performance and learning automation.

2018 AltoCloud (February 2018), a customer journey analytics provider. [18]

2020 nGUVU (March 2020), a partner purchased to add gamification to its workforce engagement management suite. [19]

Sponsorship

Genesys is the primary sponsor of IndyCar Series driver James Hinchcliffe in the #29 Andretti Autosport Honda.

References
  1. "Leadership". Genesys.com.
  2. "Genesys to Acquire Interactive Intelligence to Create the World's Premier Omnichannel Customer Experience Company". Business Wire. 31 August 2016.
  3. Genesys LinkedIn
  4. Patrick Hoge (11 March 2014). "To go, or not to go: Tech's IPO shuffle". San Francisco Business Times. Retrieved 6 May 2014.
  5. Scott McCormack (6 July 1998). "The Russia house". Forbes. Retrieved 6 May 2014.
  6. Patrick Hoge (15 June 2012). "Paul Segre, president and CEO of Genesys". San Francisco Business Times. Retrieved 6 May 2014.
  7. "Genesys Telecommunications Laboratories, Inc". Securities and Exchange Commission. 1997. Retrieved 7 May 2014.
  8. Leonard Klie (3 October 2007). "Genesys CEO Leaves for Nuance Post". Destination CRM. Retrieved 7 May 2014.
  9. "Alcatel plans to buy Genesys for $1.5 Billion". The New York Times. 29 September 1999. Retrieved 7 May 2014.
  10. "Alcatel-Lucent sells Genesys for $1.5bn". Financial Times. 19 October 2011. Retrieved 7 May 2014.
  11. "Finance: Call Center House Forte is now Adante after Acquisition". Network Briefing. 24 March 1998.
  12. "Form 10-K". Securities and Exchange Commission. Retrieved 7 May 2014.
  13. "Genesys' Acquisition of IBM's CallPath Will Allow Both to Focus". May 16, 2001.
  14. Ann Bednarz (5 August 2002). "Genesys delivers self-service voice app Alcatel subsidiary joins call center rivals in adding VoiceXML support". Network World.
  15. "Genesys Completes Acquisition Of VoiceGenie And Begins Partner Integration". June 13, 2006.
  16. "All-In-One Cloud Contact Center Solution". Genesys. Retrieved 2019-12-20.
  17. https://www.bloomberg.com/news/articles/2016-08-31/genesys-agrees-to-buy-interactive-intelligence-for-1-4-billion
  18. https://www.nojitter.com/genesys-chooses-altocloud-next-strategic-acquisition
  19. https://www.prnewswire.com/news-releases/genesys-acquires-nguvu-to-bolster-employee-experience-capabilities-and-empower-tomorrows-workforce-with-gamification-and-machine-learning-301014888.html
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