The two companies, Seismic and Highspot, have entered into a definitive agreement. For a merger deal, bringing together two top revenue enablement solutions. The deal is intended to assist modern revenue teams in the execution, performance, and scaling of strategies. The merged entity will be operated under the name Seismic, with Rob Tarkoff at its helm as CEO. The CEO of Highspot, Robert Wahbe, will join the board at Seismic. The controlling shareholder at Seismic. Which acquired its majority stake in 2020, is Permira.
“There is a growing demand for technologies that help organizations connect sales strategy. To execute & drive consistent revenue performance at scale. This proposed merger is about meeting that increasing demand and raising the bar for how technology can enable revenue organizations. To plan, execute, perform, and scale,” said Doug Winter Tarkoff. “I’m excited to continue partnering with both Seismic and Highspot customers. As we build the platform that advances the future of AI-driven revenue performance and operations.”
Strategic Vision for the Combined Platform
The new company will seek to offer an AI-enabled platform. For enablement, content, learning, coaching, analytics, and insights for the entire revenue cycle. This will help drive further innovations and more value for the customers. The new company will continue to invest in AI-enabled capabilities to help revenue teams become more productive and effective. With AI-powered execution and consistency for sales, marketing, and customer success.
“Highspot & Seismic share a belief that enablement sits at the center of how modern revenue teams operate,” said Robert Wahbe. “Following the closing, we will have the opportunity to move. The revenue enablement space moves forward by giving customers more innovation, more insights, and leading. To actions, and more confidence in how they drive performance across their GTM teams.”
“We’ve greatly enjoyed our partnership with Rob and the Seismic team and look forward. To continue to support the business through this next chapter,” said Jason Thorn, Managing Director at Permira. “This transaction brings together two highly complementary, customer-centric platforms. With a shared ambition to invest heavily behind an AI-first product roadmap and serve customers with best-in-class solutions.”
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News Source: Businesswire.com
