SoundHound AI’s CEO Says the Company Has a “Proven Track Record When it Comes to M&A.” But Do the Numbers Really Back That Up?
An easy way for a company to get bigger and add market share is to acquire other businesses
And many businesses rely on mergers & acquisitions (M&A) as a core part of their long-term growth strategy. But it isn’t always easy to pull off, and it includes adding more employees and costs along the way. SoundHound AI (NASDAQ: SOUN) is an example of a company that’s leaned heavily on M&A.
It’s a small player in the voice artificial intelligence (AI) market, but it has acquired multiple companies in recent years. And in doing so, it’s gotten a whole lot bigger. Its CEO believes it has things figured out when it comes to M&A.