M&A Deal Summary

FatBrain Acquires Intellagents

On September 14, 2022, FatBrain acquired information technology company Intellagents

Acquisition Highlights
  • This is FatBrain’s 2nd transaction in the Information Technology sector.
  • This is FatBrain’s 1st transaction in the United States.
  • This is FatBrain’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2022-09-14
Target Intellagents
Sector Information Technology
Buyer(s) FatBrain
Deal Type Add-on Acquisition

Target

Intellagents

Mystic, Connecticut, United States
website
Intellagents is focused on digital transformation that requires significant improvements to an insurer's systems portfolio and many gaps will need to be filled with AI and new innovations created by 3rd parties. It has built over 60+ connectors using unique integration and automation technologies to improve speed, personalization, and agility. Intellagents was formed in 2018 and is based in Mystic, Connecticut.

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Buyer(S) 1

Buyer

FatBrain

New York, New York, United States

website

Category Company
Founded 2013
Sector Information Technology
DESCRIPTION

FatBrain is a provider of powerful and easy-to-use AI solutions to millions of businesses of tomorrow driving the majority of the global economy, empowering them to grow, innovate faster and save money. FatBrain was founded in 2013 and is based in New York City.

DEAL STATS #
Overall 2 of 3
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 2 of 3
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-28 Prime Source

Almaty, Kazakhstan

Prime Source is an independent IT software developer and a powerful design center for software development, technology solutions, data management, and strategic IT consulting. Prime Source was founded in 2007 and is based in Almaty, Kazakhstan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-28 SOtech

Milton Keynes, United Kingdom

SOtech is a digital agency that delivers design, development, and digital experience to global clients. As part of its strategic relationship with Dent Global accelerator, the company brings proven solutions to start-up and mid-market enterprises advancing eCommerce, eLearning, client portal and app development. SOtech was formed in 2007 and is based in Milton Keynes.

Buy -
Mergr

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