Country for PR: United States
Contributor: PR Newswire New York
Tuesday, August 24 2021 - 01:54
AsiaNet
Bigtincan Signs Definitive Agreement to Acquire Brainshark
WALTHAM, Mass., Aug. 24, 2021 /PRNewswire-AsiaNet/ --

- Combination of #1 Sales Enablement platform with the leading enterprise Sales 
Readiness platform creates a complete system to ensure customer-facing teams 
are "buyer ready" in the all-digital world 

Bigtincan ( 
https://c212.net/c/link/?t=0&l=en&o=3266969-1&h=1569667959&u=http%3A%2F%2Fwww.bigtincan.com%2F&a=Bigtincan 
) (ASX:BTH), the global leader in sales enablement automation, announced it has 
entered into a binding agreement to acquire 100% of Brainshark, Inc. 
("Brainshark"). The deal combines two of the leading providers of sales 
readiness solutions for training, coaching and onboarding, adding 
enterprise-grade capabilities to create the most complete Sales Enablement 
Platform in the market.

Logo - https://mma.prnewswire.com/media/1599395/Bigtincan_Logo.jpg  

Combining Brainshark with Bigtincan's sales enablement platform will be 
transformative for customers and their customer-facing teams. With the 
acquisition, Bigtincan adds best-in-class solutions for course authoring, 
course content creation, 1:1 video coaching with AI-scoring, and readiness 
scorecards to help customers train, coach, and assess the buyer-readiness of 
all customer-facing teams including frontline sellers, field marketing, and 
support.

"Sales professionals, and all customer-facing teams for that matter, need to be 
100% 'buyer-ready' to guide people to the best decisions when they choose to 
engage with your brand," said David Keane, CEO and Co-Founder of Bigtincan. 
"The addition of Brainshark's Sales Readiness technology to our platform gives 
our customers the best opportunity to deliver the buying experience of the 
future and keep their brand's promise to their buyers."

Along with Brainshark's sales readiness capabilities, leaders can directly 
visualize sales training and coaching performance alongside buyer engagement 
activities and results from CRM systems. When combined with Bigtincan's robust 
analytics for sales content usage and buyer engagement, companies can directly 
measure the impact of customer-facing actions and initiatives on revenue and 
overall company performance.

"Brainshark has shown innovation in Sales Coaching and Learning. Acquiring 
Brainshark is a strategic move to position Bigtincan well in the overall Sales 
Enablement/Readiness market," said Jim Lundy, Founder and CEO, Aragon Research. 
"Bigtincan offers robust capabilities across sales enablement categories, 
giving companies the opportunity to shore up their sales enablement end-to-end 
as their programs evolve and grow." 

More than 900 organizations, including many companies from the Fortune 500, 
rely on Brainshark to onboard, train, and continuously up-skill their 
customer-facing teams. The acquisition significantly deepens Bigtincan's 
vertical market strength in financial services, life sciences, technology and 
manufacturing with long-tenured customers. The combined company will employ and 
serve more than 400 employees worldwide.

"The Brainshark team is excited to join forces with Bigtincan. Our experienced 
team and mature platform for Sales Readiness become critical components to 
serving our customers' end-to-end enablement needs. As our customers' needs 
expand into sales content management and customer engagement, we can now 
provide a full suite of solutions that bring to life the Buying Experience of 
the Future -- a vision that both companies share," said Greg Flynn Co-Founder 
and CEO of Brainshark.

Bigtincan was advised by LionTree Advisors and Brainshark was advised by 
Sparring Partners Capital.

To learn more about Bigtincan, visit www.bigtincan.com.

About Bigtincan
Bigtincan is helping the world's leading brands facilitate the buying 
experience of the future. Everything we offer is designed to be smart, 
flexible, and easily adapted to unique business processes with highly 
personalized experiences that people and brands love. We're on a mission to 
help companies deliver branded buying experiences that are engaging, 
personalized, provide value and guide people to the best decisions with 
confidence. Innovative companies like AT&T, Nike, Guess, Prudential, and 
Starwood Hotels trust Bigtincan to enable customer-facing teams to 
intelligently prepare, engage, measure and continually improve the buying 
experience for their customers. For more information about Bigtincan (ASX: 
BTH), visit: www.bigtincan.com or follow @bigtincan on Twitter.

About Brainshark
Brainshark's data-driven readiness platform for sales enablement provides the 
tools to prepare teams with the knowledge and skills they need to perform at 
the highest level. With best-of-breed solutions for training and AI-powered 
coaching, as well as cutting-edge insights into sales performance, customers 
can ensure their sales reps are always ready to make the most of any selling 
situation. Customers across the globe rely on Brainshark to get better results 
from their sales enablement initiatives.

Media Contact
Pam Dearen, VP Marketing Communications & Customer Relations
1-617-981-7557
marketing@bigtincan.com

SOURCE  Bigtincan