Almawave-backed The Data Appeal Company to acquire 70% stake in Mabrian Technologies.

Almawave-backed The Data Appeal Company, a software company, agreed to acquire 70% stake in Mabrian Technologies, a technology company. Financial terms were not disclosed. “This acquisition underlines Almawave’s ability to execute upon its strategies, which centers on international growth and the use of artificial intelligence technologies in specific vertical sectors. Bringing The Data Appeal and Mabrian together creates one of the European’s leading companies in advanced analytics for Tourism, an industry that is increasingly data-driven,” Valeria Sandei, Almawave CEO.