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Conversocial Inc.
Conversocial Inc. was a social media customer service software provider acquired by Verint Systems in 2020.
Conversocial Inc.
Conversocial Inc. was founded by Joshua March and Dan Blumberg as a social media management platform. The company focused on enabling brands to handle customer service inquiries across Twitter, Facebook, and other social channels. Its wealth origin stemmed from venture capital funding, including a Series A from Octopus Investments and other backers. The firm's core product let enterprises manage, route, and respond to social media messages at scale. It served over 100 brands worldwide, including L'Oreal, Sephora, and Sky. Conversocial also built analytics tools for measuring social customer service performance. The company operated primarily in North America and Europe before its acquisition. Verint Systems Inc. acquired Conversocial in 2020 for an undisclosed sum. Post-acquisition, Verint folded Conversocial's technology into its Verint Open Platform. Verint reports roughly 4,000 employees and $900M+ in revenue, with over 80% of the Fortune 100 as customers. Conversocial's structural differentiator was its early focus on social media as a customer service channel. The firm's native integration with social platforms differentiated it from traditional contact center vendors. That niche position made it an attractive acquisition target for Verint's broader CX automation strategy.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Melville
Corporate office
Melville, NY, United States
Additional offices
New York · Georgia · Maryland · Woking, UK · Skopje, North Macedonia · Budapest, Hungary · Dubai, UAE · Hertzeliya, Israel · Amsterdam, Netherlands · Kiel, Germany · Gent, Belgium · Paris, France · Madrid, Spain · Warsaw, Poland · Johannesburg, South Africa · Hong Kong · Sydney, Australia · Tokyo, Japan · New Delhi, India · Bengaluru, India · Shanghai, China · Singapore · Jakarta, Indonesia · Istanbul, Turkey
Sector focus
Frequently asked questions
Who founded Conversocial?
Conversocial was founded by Joshua March and Dan Blumberg. March served as CEO before the company's acquisition by Verint Systems in 2020.
What did Conversocial's software do?
Conversocial built a platform for social media customer service. It allowed brands to manage inquiries from Twitter, Facebook, and other social networks, routing them to agents for response and providing analytics on engagement.
When was Conversocial acquired and by whom?
Verint Systems Inc. acquired Conversocial in January 2020. The acquisition price was not publicly disclosed.
Is Conversocial still an operating company?
Conversocial no longer operates as a standalone company. Its technology has been integrated into Verint's Open Platform, which Verint markets as its CX automation suite.
Which investment stages did Conversocial target?
Conversocial was a venture-backed startup. It raised a Series A round led by Octopus Investments, with participation from angel investors. It did not operate as an investment firm.
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