CCaaS acquisitions buy breadth fast. They can also leave seams in data, workflows and support—making a platform’s family tree a surprisingly useful buying guide.

Conversation intelligence did not disappear; it moved inside bigger platforms. This field guide tracks who bought whom, what survived, and why Spiral by UJET is a rare acquired product still standing on its own.
While NICE, Talkdesk, Amazon and Microsoft spend to win the AI contact-center race, Enghouse Systems keeps buying mature software companies and holding roughly 69% recurring revenue at 27% margins. The Markham compounder is boring on purpose.