Alvaria Software Announces Merger with Noble Systems
New combined company will expand its global reach in the Customer Experience technology space
Westford, MA. May 10, 2021. Today, Alvaria Software will merge with Noble Systems of Atlanta Georgia, to form Alvaria™, (pronounced: ahl-vahr-ee-uh), a new global company delivering optimised customer experience and workforce engagement software and cloud services technology solutions.
The newly combined company will be led by Patrick Dennis, Alvaria President and CEO.
“This merger will combine two of the leaders in the customer experience space into a major unified force for innovation and growth,” said Patrick Dennis, President & CEO of Alvaria. “Our unified customer base represents the largest financial institutions, healthcare, online retail, and travel and transportation companies in the world. We are so excited to embark on this next stage of our corporate development.”
Abry Partners (“Abry”), a Boston-based private equity firm, spearheaded the merger and is now the majority owner of the combined company. Vector Capital, owner of Alvaria, will continue as minority equity holder. The total value of the combined transaction is over $1 billion USD.
“We are impressed with the transformation of Alvaria under the leadership of Patrick and the Vector team,” said Tomer Yosef-Or, partner at Abry, “and Noble Systems will be an excellent merger partner, making Alvaria an even stronger competitor in the market.”
Andy Fishman, a Managing Director of Vector Capital, added, “We congratulate and thank Patrick and the entire Alvaria organization for their incredible work. We are excited to partner with Abry as we bring together Alvaria and Noble Systems as the new Alvaria and look forward to supporting the new company through its next phase of growth.”
Jim Noble, founder and CEO of Noble Systems, will transition into a new role as an advisor to Abry and Alvaria. “Jim has made a lasting impact in this marketplace,” continued Mr. Yosef-Or. “He has led Noble through 30 years of innovation and growth. This merger is a fitting exclamation point to his successful career.”
News of this merger was met with enthusiasm from key Industry Analysts. According to Nancy Jamison, Industry Director, Information and Communications Technologies at Frost and Sullivan, “Alvaria plus Noble is a very strong match. Their combined technology stack and market presence, particularly in outbound contact management, will make Alvaria an extremely formidable player in the space. This should be welcome news to enterprise customers worldwide.”
According to Mary Wardley, VP Customer Care and CRM research at IDC, “The Alvaria/Noble merger will be a jolt of lightning to the Contact Centre market for several reasons; first will be the surprise to the market, second will be the long-term opportunity these two companies and product lines bring. Large enterprise customers will especially see big benefits through innovations to come. This could spur more acquisitions as vendors vie for customers and market share.”
“We are launching Alvaria with an aggressive schedule, beginning with the immediate introduction of our new corporate identity and website, www.alvaria.com, followed by merged operations,” said Michael Harris, Alvaria Chief Product Officer and CMO. “Customers of Alvaria Software and Noble Systems will continue to use the existing products and services they depend on now for delivering mission critical services, without interruption, followed by a seamless transition to the next generation of Alvaria systems and services.”
Alvaria Software and Vector Capital were advised by Jefferies LLC as their sole financial advisor, and Paul Hastings LLP as their legal counsel. Abry Partners was advised by TD Securities (USA) LLC as its financial advisor, and Kirkland & Ellis LLP as its legal counsel. Noble Systems was advised by Eversheds Sutherland as its legal counsel.
Media Contact:
Alvaria, Alvaria Software & Noble Systems:
Michael Harris, CPO/CMO, Alvaria
Press@alvaria.com
About ALVARIA:
Alvaria was founded through the merger of Alvaria Software and Noble Systems, technology leaders in Customer Experience (CX) and Workforce Engagement solutions. Our name is derived from Latin for “hives” – nature’s perfect form for millions of years – bringing you solutions that are scalable, resilient and secure, with efficiency, speed and pinpoint accuracy. ALVARIA™. Reshaping Customer Experience™. For more information, please visit www.alvaria.com
About Abry Partners:
Abry is one of the most experienced and successful sector-focused private equity investment firms in North America. Since their founding in 1989, the firm has completed over $82.0 billion of leveraged transactions and other private equity or preferred equity placements. Currently, the firm manages over $5.0 billion of capital across their active funds. For more information on Abry, please visit www.Abry.com.
About Vector Capital:
Vector Capital is a leading global private equity firm specialising in transformational investments in established technology businesses. With more than $3 billion of capital under management, Vector actively partners with management teams to devise and execute new financial and business strategies that materially improve the competitive standing of businesses and enhance value for employees, customers, and all stakeholders. For more information, visit www.vectorcapital.com.
Call Centre status after COVID-19 Pandemic
Since the beginning of 2020 and the inception of COVID-19, contact centers have had to make adjustments as to the way we work and employees' daily lives. This shift in the workplace proved to be specifically challenging for contact centers and help desks. Agents were used to being in an office and not working virtually. The change to in-person and effectively assisting customers had to take place quickly and efficiently. On any given day, agents might experience more extended workdays due to higher call volume, handling of complicated subjects, and customer complaints, and aggravation.
Agents are now going to transition from work-from-home to the office each day. This will be a slow process due to the sensitivity of the Pandemic, and there are mixed outlooks as to the right time for agents to switch back to face-to-face.
Below is advice for managers as agents that begin to return to offices and are no longer working from home.
- Ensure employees are educated about safety and wellness in the workplace. It would be best to have transparent processes for the teams to understand the new job design and workplace setting. Managers should have constant contact with their employees to support team members and ensure they are safe upon them returning.
- Conduct regular meetings to discuss shifts and changes that may occur. These meetings should take place daily, give appropriate updates to the teams, brainstorm new ideas in the new setting, and discuss how to handle complicated situations.
- Scheduled breaks need to be encouraged for agents do not feel overwhelmed or frustrated with their jobs. This is a time to rejuvenate agents for when they return to the phones. Creating a better customer experience will benefit the team and the business goals.
- If a team member needs additional support after COVID-19 and switches back to face-to-face work, offer them extra support and reinforce the importance of their schedule breaks and recharge. If additional support is needed, please refer them to employee assistance programs available through the workplace.
- Due to the large number of employees that work in a contact center and shared workspace, managers should ensure that the following areas are cleaned and well maintained:
- Workstations
- Keyboards
- Telephones
- Desks and chairs
- Rest Areas
- Photocopier and printing areas
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Turnover is a major concern in many contact centres. Between the monotonous daily routine and the work environment, many agents experience exhaustion and may choose to look elsewhere for work. However, if you can trial new and different ways to coach and motivate agents so that they enjoy their work more, then they are more likely to stay with the organisation.
Motivated agents tend to have better success across all company KPIs and when they feel empowered, there is a greater sense of commitment to perform at a higher level. These things both lead to a better customer experience.
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The contact centre is one of the most important departments in your organisation. Contact centre agents have a direct line to your customers, handling the various customer service issues that your business is facing on a day-to-day basis. When you are outsourcing your contact centre efforts, it’s essential to choose who you work with very carefully. Even as a critical facet of your organisation, it’s easy to make mistakes when you outsource your contact centre. Below, we discuss four things to avoid when outsourcing your contact centre efforts.
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