2 Acquisitions in the Data Mining industry

January 16, 2023

Company acquisitions in the Data Mining industry always make headlines! Especially since related startups and technology companies have become very popular with private equity firms, strategic buyers and even family offices.

In this blog post, we are taking a closer look at 2 acquisitions that took place in the Data Mining industry.

Southern Traffic Services acquired by Rekor Systems Inc

Details about the transaction:

Acquisition amount: $14,500,000

Announcement: 16 May 2022

Details about the company:

Engineering services, data collecting, and traffic monitoring solutions are the areas of expertise of Southern Traffic Services.

Headquarter:

Where to find them: Website

Industry: Data Integration, Data Mining, Data Storage

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Where to find them: Website

Supahands acquired by Omnilytics

Details about the transaction:

Acquisition amount: $20,000,000

Announcement: 24 August 2021

Details about the company:

Supahands uses patented technologies and a crowdsourced workforce to offer training data for machine learning and artificial intelligence.

Headquarter:

Where to find them: Website

Industry: Artificial Intelligence, Computer Vision, Crowdsourcing, Data Mining, Enterprise Software, Image Recognition, Machine Learning, Software

Details about the buyer:

Visma offers services and company software for administration and accountancy.

Headquarter:

Where to find them: Website

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