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Search engine optimization (SEO) company. Ext<\/a> He is reportedly considering a sale.<\/p>\n The company has hired investment bankers after attracting takeover interest, Reuters reported<\/a> Friday (June 7), citing unnamed sources.<\/p>\n It is only in the early stages of exploring a sale and may choose not to proceed with any deal, according to the report.<\/p>\n Reached by PYMNTS, Yext declined to comment on the report.<\/p>\n The company’s stock has lost more than half its value over the past 12 months amid declining revenue, intense competition and advances in artificial intelligence (AI), the report said.<\/p>\n Yext will release its latest quarterly results on Monday (June 10), according to a May 29 report Press release<\/a>.<\/p>\n In May, the company unveiled a solution called List Recommendations that uses AI to provide actionable insights and insights to help brands improve their search strategies<\/a>.<\/p>\n The solution provides proactive recommendations, insights backed by data science, and list monitoring that identifies underperforming business lists and suggests ways to improve them.<\/p>\n “With the ability to give clients deep insights and act much faster, it’s a new day in the listings space,” Jason LaFollette<\/a>Yext’s chief technology officer said in a May 13 press release announcing this new offering.<\/p>\n In March, Yext expanded its portfolio of services and support to include a new customer success<\/a> program with a team of digital marketing experts who use AI to identify ideas and solutions to help clients capitalize on opportunities.<\/p>\n Business leaders are rethinking their digital strategies after Google’s latest unveiling of AI-powered search tools sent ripples through the business world, PYMNTS reported in May.<\/p>\n Businesses are scrambling to understand and adapt to the tech giant’s new features that promise to disrupt online information retrieval.<\/p>\n