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LivePerson to Acquire Co-Browsing Technology from Leading Collaborative Web Services Company

Companies mentioned in this article: LivePerson, Inc.

NEW YORK, June 3, 2014 /PRNewswire/ -- LivePerson, Inc. (NASDAQ: LPSN), a leading provider of live digital engagement solutions, today announced that it has signed a definitive agreement to acquire Germany-based startup, Synchronite LLC, a leading provider of co-browsing technology.

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"Our vision at LivePerson is to transform digital commerce by enabling brands to provide rich and innovative customer experiences. We're very excited to integrate Synchronite's exceptional co-browsing technology to LivePerson's platform to enable businesses to seamlessly offer high-touch engagement options to guide valuable customers through their online journey," said Robert LoCascio, CEO and Founder, LivePerson. "We welcome Synchronite's strong team of developers to LivePerson as we continue to focus on delivering more value to our customers by broadening and strengthening the live digital engagement capabilities of our platform."

Synchronite offers industry-leading co-browsing technology and brings a strong team of talent, including two PhDs that share several years of combined experience in industry and applied research. Synchronite's collaborative solution works with complex web applications across all modern browsers on all devices and even allows for offsite co-browsing, while promising speed, security, and scalability.

"Brands today have the opportunity to deliver an online experience that matches or even surpasses the in-store experience, ensuring greater customer loyalty. By integrating our co-browsing technology with LivePerson's platform, we can help businesses worldwide engage consumers in a rich, meaningful way, helping them complete their online journey and making them feel valued," said Christian Thum, Co-Founder of Synchronite.

Stefan Seedorf, Co-Founder of Synchronite adds, "It has always been our mission to bring co-browsing capabilities to large enterprises, meet their highest requirements, and help them leverage the potential of real-time customer interaction. Being part of the LivePerson family makes this possible on a global scale, for businesses of all sizes."

LivePerson offers an innovative formula for live digital engagement, integrating patented predictive targeting technology with a full suite of innovative engagement tools. LivePerson's platform helps brands understand their site visitors' intent and value, enabling them to meaningfully connect through engagement tools including chat, voice, personalized messaging, video chat, across all channels and devices. By adding Synchronite's co-browsing solution to the LiveEngage platform, LivePerson customers will be able to provide real-time collaborative assistance to help consumers complete a task, such as filling out a form, resolving a technical issue, completing a purchase, navigating a website, and more, helping brands improve the digital customer journey while increasing conversions and reducing abandonment.

About LivePerson
LivePerson, Inc. (NASDAQ: LPSN) offers a cloud-based platform that enables businesses to proactively connect in real-time with their customers via chat, voice, and content delivery at the right time, through the right channel, including websites, social media, and mobile devices. This "intelligent engagement" is driven by real-time behavioral analytics, producing connections based on a true understanding of business objectives and customer needs.

For more information, please visit www.liveperson.com. To view other global press releases about LivePerson, please visit pr.liveperson.com.

Twitter: @LivePerson
Facebook: http://www.facebook.com/LivePersonInc

Safe Harbor Provision

Statements in this press release regarding LivePerson that are not historical facts are forward-looking statements and are subject to risks and uncertainties that could cause actual future events or results to differ materially from such statements. Any such forward-looking statements, including but not limited to financial guidance, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. It is routine for our internal projections and expectations to change as the quarter and year progress, and therefore it should be clearly understood that the internal projections and beliefs upon which we base our expectations may change. Although these expectations may change, we are under no obligation to inform you if they do. Actual events or results may differ materially from those contained in the projections or forward-looking statements. Some of the factors that could cause actual results to differ materially from the forward-looking statements contained herein include, without limitation: risks related to the ability to successfully integrate past or potential future acquisitions; potential fluctuations in our quarterly revenue and operating results; competition in the markets for online sales, marketing and customer service solutions, and online consumer services; our ability to retain existing clients and attract new clients; risks related to new regulatory or other legal requirements that could materially impact our business; responding to rapid technological change and changing client preferences; our ability to retain key personnel, attract new personnel and to manage staff attrition; technology systems beyond our control and technology-related defects that could disrupt the LivePerson services; and risks related to protecting our intellectual property rights or potential infringement of the intellectual property rights of third parties. This list is intended to identify only certain of the principal factors that could cause actual results to differ from those discussed in the forward-looking statements. Readers are referred to the reports and documents filed from time to time by us with the Securities and Exchange Commission for a discussion of these and other important risk factors that could cause actual results to differ from those discussed in forward-looking statements.

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CONTACT: Erin Kang, 212-609-4256

SOURCE LivePerson, Inc.