C5i buys UK's Datavid in $45-50 million all-cash deal
Artificial intelligence and analytics firm C5i has acquired UK-based data and AI company Datavid for an undisclosed sum, marking its third acquisition.
Sources aware of the deal said the all-cash transaction was valued at $45-50 million.
C5i is backed by 360 ONE Asset, formerly IIFL Asset Management, and private equity firm Nuvama Wealth.
Industry sources indicated the company may consider an initial public offering by the end of the year, though Ashwin Mittal, executive chairman of C5i, did not confirm.
Sources aware of the deal said the all-cash transaction was valued at $45-50 million.
C5i is backed by 360 ONE Asset, formerly IIFL Asset Management, and private equity firm Nuvama Wealth.
Industry sources indicated the company may consider an initial public offering by the end of the year, though Ashwin Mittal, executive chairman of C5i, did not confirm.
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