Appen acquires machine learning data startup Figure Eight for up to $300M

| March 10, 2019

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Australia search and language data services firm Appen Ltd. today said it has acquired rival Figure Eight Inc. for $175 million upfront with an additional earn-out payment of up to $125 million in 2020 based on performance.To fund the deal, Appen has announced an AU$285 million ($200 million) fundraising targeted at institutional investors, according to The Australian Financial Review.

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TEO International

TEO is a Microsoft Gold Certified software development company based in Copenhagen, Denmark, with offices in Pakistan and Romania. We are more than 50 Software Engineering professionals employed at the offices. TEO develops custom business solutions for customers in industry sectors as travel, recruitment, online marketing and postal services.

OTHER ARTICLES

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Article | April 2, 2020

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TEO International

TEO is a Microsoft Gold Certified software development company based in Copenhagen, Denmark, with offices in Pakistan and Romania. We are more than 50 Software Engineering professionals employed at the offices. TEO develops custom business solutions for customers in industry sectors as travel, recruitment, online marketing and postal services.

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