Announced
Completed
Financials
Tags
advisory services
Private
big data
Acquisition
consulting
Knowledge Process Outsourcing
Private Equity
France
Majority
Completed
Friendly
Single Bidder
Synopsis
Private equity firm Keensight Capital and ISAI Expansion, the French tech entrepreneurs' fund, completed the acquisition of IVIDATA, a consulting group specialized in Big Data and Artificial Intelligence services. Financial terms were not disclosed. “We are thrilled to partner with Keensight Capital and ISAI, who have demonstrated a comprehensive understanding of our business and core strengths. This partnership opens a very exciting new chapter for the company, as it will allow us to further enrich our value-added data services portfolio and to embrace worldwide digital transformation opportunities. We are convinced that joining forces will enable us to scale up substantially and to become the European leader in Big Data services within the next 5 years,” Etienne Aboulker, IVIDATA CEO.
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