XML 29 R19.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Subsequent Event
6 Months Ended
Jun. 30, 2024
Subsequent Events [Abstract]  
Subsequent Event Subsequent Event
On July 16, 2024, the Company entered into a definitive agreement to acquire all issued and outstanding shares of capital stock of Acqueon Inc. (“Acqueon”) for approximately $167.1 million in cash at closing, on a cash free, debt free basis, which amount is subject to customary purchase price adjustments. The Company expects this transaction will close in the second half of 2024, subject to the satisfaction of certain customary closing conditions (including the expiration or termination of the waiting period under the Hart-Scott-Rodino Act). The Company believes the acquisition of Acqueon will build on the pre-existing partnership between the companies, and will extend Five9’s AI-powered CX platform by adding omnichannel proactive customer engagement to expand Five9’s outbound capabilities. The Company anticipates that the acquisition will accelerate Five9’s vision to enable customers to help maximize revenue while delivering personalized proactive customer experiences, accelerate integrations with healthcare ecosystems partners and that the Company will benefit from Acqueon’s innovation and engineering center in India.