M&A Deal Summary

FatBrain Acquires Prime Source

On June 28, 2022, FatBrain acquired information technology company Prime Source

Acquisition Highlights
  • This is FatBrain’s 1st transaction in the Information Technology sector.
  • This is FatBrain’s 1st transaction in Kazakhstan.

M&A Deal Summary

Date 2022-06-28
Target Prime Source
Sector Information Technology
Buyer(s) FatBrain
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

FatBrain

New York, New York, United States

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 1 of 3
Sector: Information Technology M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 3
Country: Kazakhstan M&A 1 of 1
Year: 2022 M&A 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-14 Intellagents

Mystic, Connecticut, United States

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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