Private Equity Firm Buys Into Angoss

Private equity firm Peterson Partners has acquired those shares in Canadian predictive analytics specialist Angoss Software Corporation that are not owned by its President and CEO Martin Galligan or his associates, for $8.4m.

Big data specialist Angoss has offices in Washington DC in the US, Guilford in the UK, and its HQ in Toronto.

Galligan (pictured) says the deal 'bolsters our financial position moving forward and enables us to sustain strong relationships with our valued customers and employees'. He adds: 'We are confident Peterson Partners will prove to be an invaluable partner in accelerating our growth and extending the power of predictive analytics.'

Web site: www.angoss.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.