Squire Patton Boggs has advised the 4TechnologyGroup on the acquisition of voiXen GmbH. The price has not been disclosed.
The 4TechnologyGroup is an amalgamation of four innovative and experienced companies from Germany in the fields of communication and artificial intelligence (AI). The companies are 4Com in Hannover, parlamind in Berlin, Lindenbaum in Karlsruhe, and now voiXen. The merger with voiXen will strengthen the group with an AI-based speech analysis solution and coaching and evaluation software.
Established in 2014 and based in Berlin and Hamm, voiXen is Germany's pioneer for cloud solutions in the field of speech analysis, digital coaching and customer experience. Prior to the acquisition in September, the company had been a sales and technology partner of 4TechnologyGroup since the beginning of 2020.
Dr. Sepp Wohlfarter from the Berlin office of Squire Patton Boggs headed the team advising the 4TechnologyGroup, which included Uwe Martin from the Corporate Practice, Jan-Mathias Pfleging from Labor & Employment and Tarek Hajj-Khalil from Data Privacy, Cybersecurity & Digital Assets.
Commenting on the acquisition, Dr. Wohlfarter said: “Particularly in light of the ownership structure of voiXen GmbH, a variety of interests had to be coordinated and aligned, so we are particularly pleased to have successfully assisted our client with this challenging transaction in a strong growth market.”