Concentrix to acquire CX design business PK
The global CX solutions provider agrees to pay $1.6 billion for PK, formerly Connective.
Concentrix, a global provider of customer experience and business performance solutions, has entered a definitive agreement to acquire CX design and transformation business PK, formerly known as Connective. The move is expected to help Concentrix scale its digital capabilities faster as well as adding adjacent markets to the Concentrix portfolio.
Concentrix, which is present in over 40 countries, aims at improving customer engagement across a wide set of industry verticals. PK, which has a smaller international presence, engineers and optimizes experiences for such clients as Johnson & Johnson, Starbucks, Microsoft, Disney and Uber.
Why we care. The marriage of a global presence with specific digital capabilities makes sense. While the combined offering may lean more toward customer service and success than sales and marketing the divisions between those functions are steadily breaking down. Today, CX starts with supply chain, runs through marketing, sales and service, and also shows up in values-based communications.
At the center of all that is digital experience. “This acquisition adds immediate and meaningful breadth and scale to our CX digital capabilities,” said Chris Caldwell, President and CEO of Concentrix.