Medallia Shareholders Approve Acquisition by Thoma Bravo
Summary
We are confident that, as a private company, Medallia will be strongly positioned to build on its success and begin its next phase of differentiated growth.” The final voting results will be filed in a Form 8-K with the U.S. Securities and Exchange Commission. As previously announced, under the terms of the merger agreement, Thoma Bravo will acquire Medallia in an all-cash transaction valued at $6.4 billion. The platform captures billions of experience signals across interactions including all voice, video, digital, IoT, social media and corporate messaging tools. Medallia uses proprietary artificial intelligence and machine learning technology to automatically reveal predictive insights that drive powerful business actions and outcomes. Medallia customers reduce churn, turn detractors into promoters and buyers, create in-the-moment cross-sell and up-sell opportunities and drive revenue-impacting business decisions, providing clear and potent returns on investment.
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