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Access here alternative investment news about Datawatch Acquires Peterson-backed Angoss For $30m
Private Equity

Datawatch Acquires Peterson-backed Angoss For $30m

by posted 1year ago 76 views
Datawatch Corp (NASDAQ: DWCH) has acquired Angoss Software Corp, a Toronto-based provider of advanced predictive analytics used by more than 300 businesses in 30 countries. Datawatch paid more than $30 million (US$24.5 million) in cash, financed in part by Silicon Valley Bank. Bedford, Massachusetts-based Datawatch called the deal a “transformative acquisition” that will enhance the company’s data intelligence offering with expanded capabilities. Angoss, founded in 1984, was taken private in 2013 by U.S. private equity firm Peterson Partners. It has been led since 2016 by President and CEO Brandon Cope, a former Peterson partner.