Announced
Financials
Tags
cloud computing services
Digital Services
analytics software
Public
Canada
artificial intelligence
Acquisition
Pending
Friendly
Single Bidder
Synopsis
Universal mCloud Corp, a provider of asset management solutions combining IoT, cloud computing, artificial intelligence, and analytics, signed the final binding definitive agreement to acquire Fulcrum Automation Technologies and Autopro Automation Consultants for $30m. "Autopro's extensive expertise in industrial process automation along with the many strong customer relationships they maintain within oil and gas create the opportunity to take AI-powered asset management across the industry," said Russ McMeekin, mCloud President, and CEO.
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