Veritas Capital-backed Babel Street to acquire Rosette from BasisTech.

Veritas Capital-backed Babel Street, a data-to-knowledge company, agreed to acquire Rosette, an AI-powered text analytics platform, from BasisTech, a company provides businesses and governments with advanced analytics and AI-powered solutions for deriving insights from multilingual text, connecting data silos, and discovering digital evidence. Financial terms were not disclosed. “Babel Street's deep expertise in cross-lingual search across massive amounts of data, coupled with Rosette’s ability to identify, categorize, extract, index, and analyze all aspects of multi-language text, will help improve safety and security for our customers. With the addition of Rosette, we will create a leader in threat and risk intelligence, best positioned to capitalize on the large market opportunity at a time when this technology is increasingly vital for awareness and security. We’re thrilled to welcome Rosette’s deep bench of talent to the Babel Street team,” Michael Southworth, Babel Street CEO.