LivePerson revealed today that it had sold Kasamba to Ingenio, LLC (“Ingenio”), an Alpine Investors portfolio company and the owner of over 30 international marketplaces and media platforms devoted to physical, mental, and emotional wellness.
LivePerson’s CEO, Rob LoCascio, said: “In 2007, LivePerson purchased Kasamba because it was the market leader in business-to-business chat and wanted to reach more people who ran service-based companies like computer support, tuition, and spirituality. With a clear goal of enabling businesses to harness and utilise their own proprietary data and Big Language Models, we currently hold a leading position in Conversational AI for the corporate sector. Finding a new home for Kasamba at this time was excellent, and Ingenio is the perfect buyer. We are appreciative of Kasamba’s leadership group, committed staff, and partners for contributing so greatly to LivePerson throughout the years.”
John Collins, CFO of LivePerson, said, “Kasamba was a highly profitable investment for LivePerson. The sale of Kasamba is one of many steps we’ve taken in recent months to reallocate resources to AI-led growth in our B2B Core.”
Warren Heffelfinger, CEO of Ingenio, said, “We are excited to acquire Kasamba, a leading marketplace for spiritual wellness for the last 20 years. The addition of Kasamba further propels Ingenio in becoming the global leader in the lifestyle and wellness space and expands Ingenio’s existing worldwide portfolio of over 30 marketplace and media brands. Welcome Kasamba to the Ingenio family!” Bryan Leppi, Ingenio’s Chief Corp Dev Officer, added, “For over two decades Kasamba has been a trusted partner for those seeking a better lifestyle through emotional and personal growth. We’re excited to significantly extend Ingenio’s global footprint and offering with this acquisition.”
Liran Shpitalnik, GM of Kasamba, added: “By joining forces with Ingenio, Kasamba is embarking on a new and exciting chapter of growth and innovation. We are delighted to bring together our unique strengths and expertise to create a powerful and diverse portfolio of products and services that meet the evolving needs of our customers around the world. With a shared commitment to excellence and a passion for helping individuals achieve their spiritual and wellness goals, we are confident that the possibilities for our combined group are limitless.”
