Freshworks announces plans to explore acquisitions in AI sector

On December 17, U.S. software company Freshworks announces plans to explore acquisitions, including AI firms, backed by over $800 million in cash.
The purpose is to enhance revenue and sustain growth amidst the adoption of artificial intelligence and increasing mergers and acquisitions in the tech sector.
Key takeaways include Freshworks’ focus on acquiring targets in AI and employee experience software, intentions to integrate future acquisitions in India, and recent deals such as acquiring FireHydrant and Device42.
Freshworks aims for double-digit revenue growth over the next three years and continues to hire for roles in engineering, product development, and design.
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