Announced
Completed
Financials
Sources
Tags
Friendly
Private
text analytics
United Kingdom
Acquisition
data analysis
IT Services: Other
Majority
semantic analysis
Single Bidder
big data
machine learning
artificial intelligence
Completed
Synopsis
RELX-backed Elsevier, a provider of information analytics tools, completed the acquisition of SciBite, a semantic AI company. Financial terms were not disclosed. "This is an exciting next step for our business. The combined offering of Elsevier's high-quality content and data and the innovative technology from SciBite will deliver amazing value for any data led strategy across the scientific community. As part of the Elsevier organization, SciBite will have the ability to deliver enterprise technology, and new advances in scientific insight and discovery across its broad reaching global customer base," Rob Greenwood, SciBite CEO and President.
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