Merger to provide organisations with private, public, or hybrid cloud text analytics
InMoment, the leading provider of Experience Improvement (XI)™ solutions, announced it has completed the acquisition of Lexalytics, the leading provider of cloud and on-premise natural language processing (NLP), and machine learning (ML) that transform structured data, text, and unstructured data from any source into actionable intelligence.
As businesses strive to navigate a new customer and employee landscape and deliver differentiated experiences, leveraging the vast amount of unstructured data to better understand customer and employee demands and expectations is more critical than ever. Lexalytics brings two decades of structured and unstructured data experience and state-of-the-art cloud and on-premise text analytics solutions that go beyond surveys to include social, call centre, voice, reviews, support tickets, chat logs and many additional data channels.
Andrew Joiner, CEO at InMoment, said: “With Lexalytics, we bring together the most powerful structured and unstructured data analytics engines with our award-winning XI Platform to give companies the unique capability to mine feedback with unprecedented clarity and go beyond surveys to meet their customers and employees where they are—with a deeper understanding of their journey, emotion, intention, and the effort associated with an experience. We’re excited to welcome the extraordinarily talented Lexalytics team to InMoment.”
Lexalytics CEO Jeff Catlin said:
“Lexalytics is all about helping customers discover more meaningful intelligence in structured and unstructured data sources to help them drive more informed business decisions.”
“By joining InMoment we have the remarkable opportunity to push additional innovative solutions and transformative expertise to our customers around the globe.”
This combination brings outstanding flexibility to organisations that require private, public, or hybrid cloud text analytics infrastructures. The merger unlocks exciting new market opportunities with native text analytics across 24 languages and the most industry data sets of any other provider.
InMoment solutions can be implemented in a variety of industries for social media monitoring, people analytics and voice of the employee, reputation management and voice of the customer, and regulatory compliance programs.