Datawatch Corporation (NASDAQ:DWCH), a Bedford, MA-based data intelligence provider with enterprise data preparation, predictive analytics, and visualization solutions, acquired Angoss Software Corporation, a Toronto, Canada-based data science platform provider, for US$24.5m.
The all-cash transaction was financed through a combination of Datawatch’s cash on hand and funding from a new credit facility with Silicon Valley Bank.
The acquisition aims to augment Datawatch’s Monarch data intelligence offering with expanded capabilities that enable data scientists to perform predictive and prescriptive analytics in a wide variety of enterprise applications.
Angoss delivers predictive and prescriptive analytics solutions that enables more than 300 organizations in 30 countries, including many global firms such as Barclays, Unilever, Scotiabank, TD Bank, Bayer, Wells Fargo, Bank of America and Air Canada to discover valuable insights and intelligence in their data.
Angoss provides modeling and validation tools for machine learning in high-value applications for customer segmentation, customer churn, credit risk scoring, fraud detection, next best action, collections and recovery, and many other mission-critical solutions.
Datawatch Corporation (NASDAQ:DWCH) is a data intelligence provider with enterprise data preparation, predictive analytics and visualization solutions that enable business analytics at thousands of organizations of all sizes in more than 100 countries worldwide. The company also has offices in New York, London, Toronto, Stockholm, Singapore and Manila.