GridBeyond snaps up Nasdaq-listed Veritone’s energy business

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 71%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Kildare-based company says multimillion-dollar acquisition will strengthen its position in US market as it eyes further expansion

GridBeyond has made its first acquisition, snapping up the energy business of Nasdaq-listed Veritone in a multimillion-dollar deal.

Although no figures relating the deal have been publicly disclosed, Veritone earlier this year announced plans to divest the business as part of a strategy to raise between $12 million and $15 million in savings. Founded in 2007 by Michael Phelan, Kildare-based GridBeyond is a smart energy company that last year secured €6 million in debt financing ...

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 8. in BE

Belgique Dernières Nouvelles, Belgique Actualités