MarketPR
The LivePerson acquisition closed September 4 for SoundHound AI (Nasdaq: SOUN, SOUNW), adding a customer base that now includes 25 of the Fortune 100 and a combined IP portfolio of more than 750 patents.
SoundHound retired all of LivePerson's outstanding debt at close, leaving the merged entity with what the company characterizes as a fully debt-free balance sheet.
The next confirmable milestone is the rollout of combined product offerings to global enterprise clients over the coming quarters.
The numbers SoundHound's management points to more than $500 million in future revenue reachable from the existing combined customer base alone, though that figure carries the forward-looking conditionality the company attached to it.
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