Datawatch Acquires Data Science Platform Leader Angoss Software
Datawatch, a provider of enterprise data preparation, predictive analytics, and visualization solutions, recently acquired Angoss Software Corporation, a privately-held data science platform provider based in Toronto, Canada. Datawatch says the acquisition will augment its Monarch data intelligence offering with expanded capabilities that enable data scientists to perform predictive and prescriptive analytics in a wide variety of enterprise applications.
The transaction was completed Jan. 30, 2018, for $24.5 million in an all-cash transaction, which was financed through a combination of Datawatch’s cash on hand and funding from a new credit facility with Silicon Valley Bank.
The acquisition of Angoss offers a natural complement to Datawatch’s core Monarch technology platform, significantly expands its addressable market, and strengthens its competitive position, according to Michael A. Morrison, president and chief executive officer. With the Angoss data science platform, he noted, Datawatch is uniting data preparation, machine learning and predictive analytics to provide an end-to-end data intelligence solution for the enterprise.
Angoss delivers analytics that help businesses discover valuable insights and intelligence in their data. It provides rigorous 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. Angoss data science solutions are used by 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.
For more information, go to www.datawatch.com.