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Announced

Elsevier to Acquire Parity Computing, an AI computing business.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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United States

Friendly

Acquisition

Digital Services

analytics solutions

Pending

Private

artificial intelligence software

big data analysis

Single Bidder

Synopsis

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Elsevier, a global information analytics business agreed to acquire Parity Computing, a California-based business that employs artificial intelligence to provide profiling and recommendations for specialist content. Transaction financial terms were not disclosed. "Parity's team brings deep academic and research experience in addition to technical expertise," said Dr. Ramamohan Paturi, Founder and Chairman of Parity. "By working more closely with Parity, we can deliver even better insights to help researchers, universities, governments and funding agencies make better decisions by enabling them to find emerging trends, increase the visibility of their research, build collaborative networks, bolster funding applications and articulate the value of research," said Olivier Dumon, Managing Director, Research Products at Elsevier.

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