Momentive Announces Termination of Zendesk Transaction

Momentive Inc.SAN MATEO, Calif., Feb. 25, 2022 (GLOBE NEWSWIRE) — Momentive Global (NASDAQ: MNTV) introduced at this time that its beforehand introduced merger settlement with Zendesk has terminated. While Momentive acquired the requisite quantity of votes from its stockholders to approve the transaction, Zendesk didn’t obtain the requisite quantity of votes from its stockholders.Momentive CEO Zander Lurie commented, “While we’re dissatisfied that Zendesk stockholders didn’t vote to approve the transaction, we’re assured in our go-forward technique. We have a powerful portfolio of merchandise that handle beneficial buyer wants, and our market alternative is bigger and extra related than ever. We’ve at all times been targeted on driving stockholder worth and stay dedicated to this necessary goal on the journey forward.”About MomentiveMomentive (NASDAQ: MNTV—maker of SurveyMonkey) is a pacesetter in agile expertise administration, delivering highly effective, purpose-built options that carry collectively the perfect elements of humanity and expertise to redefine AI. Momentive merchandise, together with SurveyMonkey and Momentive model and market insights options, empower ​decision-makers at 345,000 organizations worldwide to form distinctive experiences. Millions of customers depend on Momentive to gasoline market insights, model insights, worker expertise, buyer expertise, and product expertise. Ultimately, the corporate’s imaginative and prescient is to boost the bar for human experiences by amplifying particular person voices. Learn extra at momentive.ai.Forward-Looking Statements“Safe Harbor” assertion beneath the Private Securities Litigation Reform Act of 1995: This press launch might comprise forward-looking statements about our monetary outlook, strategic initiatives, merchandise, together with our investments in merchandise, expertise and different key strategic areas. The achievement of the issues lined by such forward-looking statements includes dangers, uncertainties and assumptions. If any of these dangers or uncertainties materialize or if any of the assumptions show incorrect, the corporate’s outcomes might differ materially from the outcomes expressed or implied by the forward-looking statements the corporate makes. The dangers and uncertainties referred to above embody – however will not be restricted to – dangers associated to the impression of the pendency and termination of our transaction with Zendesk, together with potential antagonistic reactions or modifications to {our relationships} with staff, prospects and enterprise companions; the diversion of the eye of the Momentive administration from ongoing enterprise operations and bills and alternative prices of the transaction; dangers associated to the COVID-19 coronavirus pandemic; our skill to retain and improve prospects; our income progress charge; our model (together with our latest rebranding); our advertising and marketing methods; our self-serve enterprise mannequin; the size of our gross sales cycles; the expansion and improvement of our salesforce; safety measures; expectations relating to our skill to well timed and successfully scale and adapt present expertise and community infrastructure to make sure that our services and products are accessible always; competitors; our debt; income recognition; our skill to handle our progress; our tradition and expertise; our knowledge facilities; privateness, safety and knowledge switch considerations, in addition to modifications in laws, which might impression our skill to serve our prospects or curtail our monetization efforts; litigation and regulatory points; expectations relating to the return on our strategic investments; execution of our plans and methods, together with with respect to cellular merchandise and options and growth into new areas and companies; our worldwide operations; mental property; the appliance of U.S. and worldwide tax legal guidelines on our tax construction and any modifications to such tax legal guidelines; acquisitions we now have made or might make sooner or later; the value volatility of our widespread inventory; and normal financial situations.Story continuesFurther data on these and different elements that would have an effect on our monetary outcomes are included in paperwork that we file with the Securities and Exchange Commission every so often, together with the part entitled “Risk Factors” within the Annual Report on Form 10-Ok that was filed for the 12 months ended December 31, 2021, which ought to be learn along with these monetary outcomes. These paperwork are or can be accessible on the SEC Filings part of our Investor Relations web site web page at investor.momentive.ai. We undertake no obligation to replace the data on this launch.CONTACT: Contacts Katie Miserany Momentive Communications [email protected] Gary J. Fuges, CFA Momentive Investor Relations [email protected]

https://finance.yahoo.com/news/momentive-announces-termination-zendesk-transaction-210500409.html

Recommended For You