M&A Deal Summary

Appen Acquires Figure Eight

On March 10, 2019, Appen acquired internet software and services company Figure Eight for 300M USD

Acquisition Highlights
  • This is Appen’s 1st transaction in the Internet Software and Services sector.
  • This is Appen’s largest (disclosed) transaction.
  • This is Appen’s 2nd transaction in the United States.
  • This is Appen’s 2nd transaction in California.

M&A Deal Summary
Date 2019-03-10
Target Figure Eight
Sector Internet Software and Services
Buyer(s) Appen
Deal Type Add-on Acquisition
Deal Value 300M USD

Target

Figure Eight

San Francisco, California, United States
website
Figure Eight combines the best of human and machine intelligence to provide high-quality annotated training data that powers the world’s most innovative machine learning and business solutions. With over a decade of experience and 10+ billion judgments, Figure Eight’s enterprise-ready data annotation platform delivers quality and scale across a diverse set of industries and use cases.

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Buyer(S) 1

Buyer

Appen

Chatswood, Australia

website

Category Company
Founded 1996
Sector Software
Employees1,078
Revenue 599M AUD (2020)
DESCRIPTION

Appen develops data for machine learning and artificial intelligence across more than 180 languages for eight of the world’s top ten technology organizations. Appen was founded in 1996 and is based in Chatswood, Australia.

DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (California) 2 of 2
Country (United States) 2 of 2
Year (2019) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-28 Leapforce

Pleasanton, California, United States

Leapforce, Inc. is a provider of search relevance services with a highly automated and proprietary end-to-end technology platform. Leapforce, Inc. is based in Pleasanton, California.

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