Advertisement

Calabrio buys Swedish software firm Teleopti

The deal combines workforce management tools with customer engagement software.

June 4, 2019 at 1:04AM
Advertisement

Calabrio Inc., a Minneapolis-based maker of customer-service software, said Monday it has acquired Teleopti, a Swedish developer of software for workplace management.

Terms were not disclosed.

The deal is the second acquisition by Calabrio since the New York investment firm KKR took a controlling stake in the company in August 2016. In April 2017, the company acquired Symmetrics, a Canadian software developer.

Calabrio has more than doubled its revenue under KKR and employs about 350 people in its North Loop office.

Calabrio makes software for businesses to offer support to consumers over the phone or via electronic chats and other means. Its tools contain analytics capabilities for business to discover patterns in interactions with customers.

With Teleopti's software, Calabrio aims to build on some of the workforce-management capabilities that are already in its tools. The combination "provides companies around the world with an intelligent view of agent and customer interactions," Tom Goodmanson, Calabrio's chief executive, said in a statement.

Teleopti's software helps businesses determine when to schedule workers. It has focused on the call-center market, a business that can encounter extreme variability in the need for workers.

The company's products try to close the gap between expected demand and staffing and, as a result, lower costs for call centers.

Advertisement

John Park, a KKR member and Calabrio's chairman, said the investment firm wants KKR to build "the leading customer experience intelligence platform in the cloud," a reference to software and services that are delivered over the internet rather than requiring businesses to own large data systems to run Calabrio's products.

Earlier this year, Calabrio released a new version of its core customer interaction software, called Calabrio One.

Calabrio was formed in 2007 in a spinoff from Spanlink Communications, a call-center firm that's now a unit of ConvergeOne in Eagan.

Evan Ramstad • 612-673-4241

about the writer

about the writer

Evan Ramstad

Columnist

Evan Ramstad is a Star Tribune business columnist.

See Moreicon

More from Business

See More
card image
Elizabeth Flores/The Minnesota Star Tribune

Waning consumer demand and volatile commodity prices have put pressure on poultry producers. Life-Science Innovations already owns other bird facilities throughout the state.

Todd Geselius, vice president of agriculture at the Southern Minnesota Beet Sugar Co-op, shows what a sugar beet looks like when it is harvested in the field on Sept. 9, 2015 in Renville, Minn. (Jim Gehrz/Minneapolis Star Tribune/TNS) ORG XMIT: 1175088 ORG XMIT: MIN1510142301350530
card image
Advertisement