M&A Deal Summary

SymphonyAI Acquires 1010Data

On June 7, 2023, SymphonyAI acquired information technology company 1010Data from Advance Publications

Acquisition Highlights
  • This is SymphonyAI’s 3rd transaction in the Information Technology sector.
  • This is SymphonyAI’s 5th transaction in the United States.
  • This is SymphonyAI’s 2nd transaction in New York.

M&A Deal Summary

Date 2023-06-07
Target 1010Data
Sector Information Technology
Buyer(s) SymphonyAI
Sellers(s) Advance Publications
Deal Type Divestiture

Target

1010Data

New York, New York, United States
1010data is a provider of big data discovery and data sharing that enable organizations to analyze, share, and monetize Big Data on a single, scalable platform. 1010Data was founded in 2000 and is based in New York City.

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Buyer(S) 1

Buyer

SymphonyAI

Los Altos, California, United States

Category Company
Sector Information Technology
DESCRIPTION

Symphony Innovation LLC is a provider of artificial intelligence-driven solutions across several markets, including the industrial, retail, consumer, healthcare, financial services, and media sectors.


DEAL STATS #
Overall 6 of 6
Sector: Information Technology M&A 3 of 3
Type: Divestiture M&A Deals 2 of 2
State: New York M&A 2 of 2
Country: United States M&A 5 of 5
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-12 NetReveal

Farnborough, United Kingdom

NetReveal provides financial crime, risk management, and fraud detection and prevention across banking, financial markets, and insurance via a single platform. The platform is adaptable to the evolving and heterogeneous nature of the financial services sector; to deliver power and flexibility in analytics, investigation, integration, security, and total cost of ownership reduction for customers. Advanced data analytics is at the core. Its analytics engines effectively detect anomalous behavior and are some of the most effective at positive/negative detection and false-positive reduction in the market.

Buy -

Seller(S) 1

SELLER

Advance Publications

New York, New York, United States

Category Company
Founded 1922
Sector Publishing
DESCRIPTION

Advance is a diversified, family-owned company that operates and invests in a broad range of media, communications and technology businesses globally. Advance Publications directly or through subsidiaries, owns Condé Nast Publications, American City Business Journals, the Golf Digest Companies, and newspapers in more than twenty-five American cities. Advance Publications' subsidiaries also have extensive interests in cable television, as well as in Internet sites which are related to its print publications. Advance was established in 1922 and is based in New York City.


DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 1 of 1
Type: Divestiture M&A Deals 3 of 3
State: New York M&A 2 of 2
Country: United States M&A 3 of 3
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-26 Ironman

Tampa, Florida, United States

Ironman operates a global endurance sports portfolio with more than 230 triathlon, road running, trail running, cycling and mountain biking events across 57 countries. The iconic IRONMAN® Series of events is the largest participation sports platform in the world. Ironman was formed in 1978 and is based in Tampa, Florida.

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