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  6. Tecnotree Acquires CognitiveScale

M&A Deal Summary

Tecnotree Acquires CognitiveScale

On December 9, 2022, Tecnotree acquired information technology company CognitiveScale

Acquisition Highlights
  • This is Tecnotree’s 1st transaction in the Information Technology sector.
  • This is Tecnotree’s 1st transaction in the United States.
  • This is Tecnotree’s 1st transaction in Texas.

M&A Deal Summary
Date 2022-12-09
Target CognitiveScale
Sector Information Technology
Buyer(s) Tecnotree
Deal Type Add-on Acquisition

Target

CognitiveScale

Austin, Texas, United States
CognitiveScale provides solutions for scalable enterprise AI development and deployment. CognitiveScale is based in Austin, Texas.

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Buyer(S) 1

Buyer

Tecnotree

Espoo, Finland
Category Company
Founded 1978
Sector Communications
DESCRIPTION

Tecnotree is a 5G-ready digital Business Support System (BSS) player, with AI/ML capabilities and multi-cloud extensibility. Tecnotree was founded in 1978 and is based in Espoo, Finland.

DEAL STATS #
Overall 1 of 1
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
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