Software Acquisition Group II to merge with Otonomo in a $1.4bn deal.

Otonomo Technologies, a platform and marketplace for vehicle data, went public via a SPAC merger with Software Acquisition, a US publicly traded special purpose acquisition company, Group II in a $1.4bn deal. "On behalf of the Software Acquisition Group team, I am excited to announce the closing of this transaction, bringing Otonomo to the public markets. Ben and his team not only identified the significant opportunity that exists in the automotive data space, but also are early market leaders positioned for impressive growth. We look forward to being their partners for this next chapter,” Jonathan Huberman, Software Acquisition Group II, CEO.