Activist Anson may have spotted a huge opportunity for value in Five9 [Video]

Business: Five9 provides intelligent cloud software for contact centers in the United States and internationally. It offers a virtual contact center cloud platform that delivers a suite of applications, which enables the breadth of contact center-related customer service, sales and marketing functions. The platform also matches each customer interaction with an agent resource and delivers customer data to the agent in real-time through integrations with adjacent enterprise applications. The company serves customers in a range of industries, including banking and financial services, business process outsourcers, retail, health care, technology and education.

Stock Market Value: $3.01B ($40.77 per share)

Percentage Ownership:  n/a

Average Cost: n/a

Activist Commentary: Anson Funds is a multi-strategy fund founded in 2007 by Moez Kassam, and it has $1.9 billion in assets. While not historically activists, in October 2023, Anson hired Sagar Gupta (former senior analyst and head of technology, media and telecommunications investing at Legion Partners) to build out …