Peterson Partners has acquired Angoss Software Corporation, a provider of predictive analytics software, for $8.4 million.
“Predictive analytics represents an emerging space that we are thrilled to enter with Angoss,” said Brandon Cope, partner at Peterson Partners. “In Angoss, companies have an ideal partner to gain competitive advantage through data-driven decision making. We look forward to helping Angoss realize their full potential in big data over the coming years.”
Angoss provides predictive analytics software products to the financial services, insurance, retail, health care and information communication and technology sectors. The company is headquartered in Toronto (www.angoss.com).
“This transaction bolsters our financial position moving forward and enables us to sustain strong relationships with our valued customers and employees,” said CEO Martin Galligan. “We are confident Peterson Partners will prove to be an invaluable partner in accelerating our growth and extending the power of predictive analytics.”
Peterson Partners invests from $2 million to $15 million in companies with revenues from $10 million to $50 million. The firm was founded in 1995 and has managed over $500 million in committed capital through eight funds. Peterson Partners is based in Salt Lake City (www.petersonpartnerslp.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 6-13-13
