Interactions Corporation Explained

Interactions LLC
Fate:active
Area Served:Telecommunication, Hospitality, Finance, Insurance and Warranty, Retail, Utility, Consumer Software and Electronics, and Healthcare
Key People:Michael Iacobucci (CEO), Bruce Bowden (CFO), Jim Freeze (CMO),Phil Gray
Industry:Customer Care
Products:Virtual Assistants
Foundation:2004
Location City:Franklin, Massachusetts

Interactions LLC is a privately held[1] technology company that builds and delivers hosted Virtual Assistant applications that enable businesses to deliver automated natural language communications for enterprise customer care.

History

Interactions LLC was founded in 2004 and is headquartered in Franklin, Massachusetts.[2] Since inception, Interactions has raised $167M[3] and is venture-backed by Sigma Partners, Cross Atlantic Capital Partners, Updata Partners, North Hill Ventures, Revolution Growth, NewSpring Capital, and Comcast Ventures. Michael Iacobucci serves as Interactions' CEO.[4] Interactions has additional offices in Indiana, Michigan, New Jersey and New York.

In 2010, Interactions received PCI DSS compliance validation.[5]

In April 2012, Interactions was named a 2012 Gartner 'Cool Vendor' in CRM Customer Service and Social.[6]

In November 2014, Interactions announced the acquisition of AT&T's Speech and Language Technology group,[7] along with its AT&T Watson(SM) platform.

In June 2016 the company announced a new service named Curo Speech and Language Platform, based on the acquired AT&T technology, to provide enhanced natural language understanding within its products.[8] Later in 2016 the company updated its Virtual Assistant offering to include a voice biometric add-on, which helps prevent fraud in automated Virtual Assistant interactions.[9]

In May 2017, Interactions acquired AI-based social media engagement innovator Digital Roots.[10] Interactions Digital Roots uses social AI, natural language processing and machine learning to help global household brands engage with consumers on social media. In September 2017, Interactions was named to the Forbes Next Billion-Dollar Startups list.[11]

Services

Operating under a SaaS business model, Interactions' service includes both an application's design and build, as well as continuous operating and tuning.[12]

Customers

Interactions' customer base includes consumer-facing companies, including Hyatt, TXU Energy, The Salt River Project, Westar Energy, and LifeLock. Interactions customers represent the Telecommunication, Hospitality, Finance, Insurance and Warranty, Retail, Utility, Consumer Software and Electronics, and Healthcare industries.

Notes and References

  1. Web site: Interactions Corporation raises 12m more to ease the pains of automated customer service.
  2. Web site: Franklin firm works to improve business interactions.
  3. https://www.americaninno.com/boston/the-10-top-funded-artificial-intelligence-startups-in-boston/
  4. Web site: Franklin firm works to improve business interactions. MetroWest Daily News. 1 March 2012.
  5. Web site: Interactions corp validated as PCI DSS compliant. 2010-11-24. tmcnet.com. TMC Net. 2016-11-24.
  6. Web site: Interactions Corporation named 'Cool Vendor' by Leading Analyst Firm. 2012-04-12. prnewswire.com. PR Newswire. 2016-11-24.
  7. Web site: AT&T sells its Watson speech recognition tech to Interactions Corporation in equity deal. 2014-11-05. venturebeat.com. Venture Beat. 2016-11-24.
  8. Web site: Interactions Launches Curo Speech, Revolutionizing Customer Care. 2016-07-22. interactions.com. 2016-11-24.
  9. Web site: Interactions Adds Voice Biometrics to Curo Platform. Top. Derek. 2016-11-23. opusresearch.net. Opus Research. 2016-11-24.
  10. Web site: Interactions Acquires Pioneer Digital Roots.
  11. Web site: The Next Billion-Dollar Startups 2017. Forbes.
  12. Web site: Humana expands deployment of voice portal technology. 3 November 2011.