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Exiger Acquires Canadian AI Platform Developer OutsideIQ Intelligence
Monday 01 May 2017

1 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.
OutsideIQ's development team and Exiger's subject matter experts will join forces to use OutsideIQ's compliance solution DDIQ to deliver solutions that solve financial crime compliance issues, including customer, transaction, counterparty and third-party risk.
OutsideIQ provides due diligence cognitive computing and search.
Exiger arms financial institutions, multinational corporations and governmental agencies with practical advice and technology solutions to prevent compliance breaches, respond to risk, remediate major issues and monitor ongoing business activities.
Date Published: 01/05/2017
Target: Outside Intelligence Inc
Country: Canada
Sector: Computer Software
Type: Corporate acquisition
Status: Closed
Buyer: Exiger
Terms of the deal were not disclosed