Verb Technology to Acquire AI Social Selling Platform LyveCom
Verb Technology Company, Inc. has announced its intention to acquire LyveCom, a cutting-edge AI-driven video commerce platform, according to Global Newswire. The acquisition aims to integrate LyveCom's technology into Verb's MARKET.live platform, enhancing its capabilities in livestream social shopping.
The transaction, expected to close within the next 60 days, will allow MARKET.live to offer an omnichannel livestream shopping experience. This integration will enable brands and merchants to engage customers across various platforms, including their own websites, mobile apps, and social media, using AI-powered video content automation and personalized shopping experiences.
The new MARKET.live platform will introduce several innovations, such as one-click simulcasting of live shopping events across multiple platforms, AI-driven video commerce, and frictionless merchant integration. These features are designed to maximize audience reach and engagement while maintaining unified inventory management and control.
With the acquisition, Verb Technology aims to position MARKET.live as a leader in AI-powered social commerce, offering a multi-platform solution that expands e-commerce opportunities and automates video content production and personalization at scale.
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