Deal Snapshot
EXIGER ACQUIRES CANADIAN AI PLATFORM DEVELOPER OUTSIDEIQ INTELLIGENCE
Monday 01 May 2017

New York, US-based global regulatory, financial crime, risk and compliance company Exiger LLC has acquired Canada-based AI technology platform creator Outside Intelligence Inc. (OutsideIQ) to further position Exiger as a provider of sustainable compliance solutions, the company said.
The Globe and Mail reported terms were not disclosed but a source familiar with the deal said it valued OutsideIQ at CDN 30m. Exiger said the acquisition recognises the need for financial institutions and corporations to right-size compliance resources, manage voluminous data, and respond to regulatory demands.


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Details
Date Published: 01/05/2017
Target: Outside Intelligence Inc
Country: Canada
Sector: Computer Software
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Exiger
Comment:
Terms of the deal were not disclosed

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