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Announced

Smarsh to acquire Digital Reasoning.

Financials

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

Tags

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Acquisition

Pending

data science

software solutions

machine learning

Friendly

Software

Private

Single Bidder

Domestic

United States

artificial intelligence

cognitive computing

Synopsis

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Smarsh, a provider of communications risk prevention services to the financial industry, agreed to acquire Digital Reasoning, a software solutions provider. "Smarsh and Digital Reasoning's combined capabilities equip customers with an entirely new expertise that we are calling 'Communications Intelligence.' Using artificial intelligence and machine learning helps firms more efficiently supervise and mitigate risk at scale, and will now enable them to analyze their electronic communications to uncover business intelligence that can fuel sales and other revenue drivers," Brian Cramer, Smarsh CEO.

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