Acquisition of Meritgroup Limited
Further to its announcement on 11 June 2019 regarding the conditional acquisition of Meritgroup, the Company is pleased to announce a conditional Fundraising to raise up to £13.2 million to part finance the Acquisition.
Dr David Hammond, Chairman, commented:
“The acquisition of Merit is the first step on our journey to becoming a significant augmented intelligence business where the combination of machine learning, artificial intelligence and human application meet to
inform actionable business outcomes (we call this AI²).
There is a clear strategic fit and industrial logic in purchasing Merit which is a highly skilled, competent and educated business with over 15 years of domain expertise in data engineering. Merit is at the forefront of innovation and technology and has developed significant resident knowledge allowing them to help power some of the world’s leading Business Intelligence solutions.
With Dods’ 186 year history of content creation and analysis in policy and political markets, the combination of the two companies will mean that customers can now seek answers from a trusted brand operating at scale across a range of global industries.”