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

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.