M&A Deal Summary

Two Circles Acquires Kore.ai

On October 16, 2024, Two Circles acquired information technology company Kore.ai from Vistara Capital Partners

Acquisition Highlights
  • This is Two Circles’ 1st transaction in the Information Technology sector.
  • This is Two Circles’ 1st transaction in the United States.
  • This is Two Circles’ 1st transaction in Florida.

M&A Deal Summary
Date 2024-10-16
Target Kore.ai
Sector Information Technology
Buyer(s) Two Circles
Sellers(s) Vistara Capital Partners
Deal Type Add-on Acquisition

Target

Kore.ai

Orlando, Florida, United States
Kore.ai is a conversational AI platform provider that offers an all-in-one conversational AI platform (as-a-service) that allows enterprises to build and deploy out-of-the-box or customized chatbots/virtual assistants for customers and workforces. Kore.ai was founded in 2013 and is based in Orlando, Florida.

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Buyer(S) 1

Buyer

Two Circles

London, United Kingdom
Category Company
Founded 2011
Sector Marketing
Employees55
DESCRIPTION

Two Circles is a data-driven sports marketing agency. Two Circles has established itself as the market leader for a data-driven approach to sports marketing in Europe. Employing 55 people, the agency works with leading sports rightsholders across 10 markets internationally, enabling them to deliver the right messages to the right customers at the right time and in doing so, deliver commercial growth across all key revenue streams. Two Circles was founded in 2011 and is based in London, United Kingdom.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-16 TRM Partners

London, United Kingdom

TRM Partners is an independent sports rights-sales business that has been responsible for landmark sports sponsorship deals including Yokohama’s record five-year partnership with Chelsea FC, and Visa and Pepsi’s ground-breaking UEFA women’s football partnerships. TRM Partners is based in London.

Buy -

Seller(S) 1

SELLER

Vistara Capital Partners

Investor

Category Private Equity Firm
Founded 2015
Size Small
Type Sector Agnostic
DESCRIPTION

Vistara Capital Partners is a growth focused private equity firm that makes investments in technology and technology-enabled service companies across North America. The Firm looks to invest between $3 and $10 million in companies generating sales greater than $10 million. Vistara Capital Partners was formed in 2015 and is based in Vancouver, British Columbia.

DEAL STATS #
Overall 7 of 7
Sector (Information Technology) 3 of 3
Type (Add-on Acquisition) 4 of 4
State (Florida) 1 of 1
Country (United States) 3 of 3
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-10 Clariti

Dover, Delaware, United States

Clariti is a government permitting and licensing software company. Clariti is built as an alternative to code-heavy, non-configurable systems that create technology barriers for governments to meet their community’s evolving needs. Clariti was founded in 2008 and is based in Dover, Delaware.

Buy -
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