Fenwick is representing SoundHound AI (NASDAQ: SOUN), a global
leader in voice artificial intelligence that lets businesses offer conversational
experiences to their customers, in its pending acquisition of SYNQ3, a provider
of voice AI and other technology solutions to the restaurant industry.
The acquisition of SYNQ3 will make SoundHound the preeminent
U.S. provider of voice AI services for restaurants, significantly extending its
market reach by an order of magnitude to over 10,000 signed locations and
accelerating the deployment of leading-edge generative AI capabilities to the
industry. SYNQ3 will add large brands spanning drive thru, fast casual, casual
segments, and convenience stores to SoundHound’s fast growing customer base –
bringing the total to more than 25 national and multinational chains. More
information can be obtained from SoundHound’s news announcement.
The Fenwick transaction team includes corporate partner Kris
Withrow and associates Zachary Portnoy, Jordan Beals, Christina Scully, Brandon
Ho and Sedina Alicic-Huang; technology transactions partner David Hayes and
advisor Sandra Weustink; executive compensation and employee benefits partner
Nancy Chen and associate Jonathan Stephenson; privacy and cybersecurity counsel
Ana Razmazma and associate Alyona Eidinger; and tax partner William Skinner and
associate Alexis Maguina.