M&A Deal Summary

SymphonyAI Acquires NetReveal

On July 12, 2022, SymphonyAI acquired information technology company NetReveal from BAE System

Acquisition Highlights
  • This is SymphonyAI’s 2nd transaction in the Information Technology sector.
  • This is SymphonyAI’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2022-07-12
Target NetReveal
Sector Information Technology
Buyer(s) SymphonyAI
Sellers(s) BAE System
Deal Type Divestiture

Target

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.

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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 5 of 6
Sector: Information Technology M&A 2 of 3
Type: Divestiture M&A Deals 1 of 2
Country: United Kingdom M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-09 Savigent Software

Bloomington, Minnesota, United States

Savigent transforms manufacturing by enabling global manufacturers to excel in an increasingly competitive and unpredictable global marketplace. Its next-generation manufacturing operations solution is an IIoT and workflow orchestration platform that simplifies complex manufacturing by thinking and acting differently. Savigent was founded in 1994 and is based in Bloomington, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-07 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.

Buy -

Seller(S) 1

SELLER

BAE System

Camberley, United Kingdom

Category Company
Founded 1970
Sector Defense
Employees107,400
Revenue 26.3B GBP (2024)
DESCRIPTION
BAE office in Reston, Virginia.
BAE office in Reston, Virginia.

BAE Systems is a provider of defense and security products and services. From sophisticated cyber services and military support, to mission critical electronic systems and protection equipment, BAE aims to be at the forefront of defense technology and science. BAE Systems was founded in 1970 and is headquartered in Camberley, England.


DEAL STATS #
Overall 7 of 7
Sector: Information Technology M&A 2 of 2
Type: Divestiture M&A Deals 7 of 7
Country: United Kingdom M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-11 BISim

Prague, Czech Republic

BISim is a global software company at the forefront of simulation and training solutions for defense and civilian organizations. Globally, more than 500,000 military personnel are trained every year using BISim’s Virtual Battlespace (VBS) software products. More than 60 NATO and NATO-friendly countries and over 250 integrators/prime contractors use VBS technology, many making significant funding commitments to extend VBS product capabilities. BISim was formed in 2001 and is based in Prague, Czech Republic.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-17 Ball - Aerospace Business

Westminster, Colorado, United States

Ball's Aerospace Business provides packaging solutions.

Buy $5.6B