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New Deal


Announced

Completed

Platinum Equity-backed Deluxe Media completed the acquisition of a minority stake in Applications Technology.

Financials

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

Tags

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United States

machine learning

Software

artificial intelligence

Friendly

Private Equity

Acquisition

Completed

Single Bidder

Domestic

Private

Minority

Synopsis

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Platinum Equity-backed Deluxe Media, a multidisciplinary service provider servicing premium content creators and distributors, completed the acquisition of a minority stake in Applications Technology, an artificial intelligence/machine learning company. Financial terms were not disclosed. “Innovative technology has always been core to the products and services that Deluxe offers. We’ve been working closely with AppTek for several years and have been impressed by their technology and breadth of experience,” Chris Reynolds, Deluxe Media EVP and GM of localization and fulfillment.

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