Intapp Announces Plan to Acquire AI Software Company delphai
23 February 2024 - 12:30AM
Intapp (NASDAQ: INTA), a leading global provider of AI-powered
software for professionals in advisory, legal, and capital markets
firms, today announced that it has signed an agreement to acquire
delphai, a Berlin-based AI software company specializing in applied
AI for firmographic data automation, structuring, and intelligence.
The transaction is subject to regular and customary closing
conditions and is expected to close within the next 60 days.
Delphai applies AI across public data from tens of millions of
company websites, news sources, financial statements, and more,
creating structured, attributable firmographic data. The company’s
technology streamlines firmographic data analysis and helps firms
combine their internal information with third-party data sources to
create powerful data foundations. Intapp will integrate delphai's
AI into solutions across its intelligent cloud platform,
accelerating Intapp’s AI roadmap.
“Professionals build their business on market insights and
relationships, so access to timely, accurate firmographic data can
create a true competitive edge,” said Thad Jampol, Chief Product
Officer at Intapp. “We believe that delphai's AI models and
technology stack will form the next-gen foundation for our data
backbone. It will let us modernize the complex processes involved
in the research and handling of company information, while
increasing connectivity with our data partners.”
Additionally, Intapp will welcome the delphai team, including
founder and CEO Robin Tech. The team comprises AI specialists
with deep domain knowledge and experience at organizations
including SAP, Google, Amazon, Salesforce, and MIT. These team
members, from across product management, research and development,
engineering, data, and support, will be at the center of Intapp’s
data strategy.
“Intapp’s Intelligence Applied philosophy, coupled with its
breadth and depth of solutions, make the company the ideal fit for
delphai’s AI-driven technology and teams,” said Tech. “We’re
thrilled to incorporate our cutting-edge AI features into Intapp's
platform. It will supercharge the automated transformation of
unstructured, global company data into structured, actionable
information for professionals around the
world.”
The integration of Intapp and delphai's technologies in the
coming months will offer clients access to advanced AI features and
insights across Intapp’s solutions. This will empower professionals
worldwide to apply a wide range of native AI capabilities and
leverage data more effectively so they can focus on what matters
most: creating value.
About IntappIntapp helps professionals unlock
their teams’ knowledge, relationships, and operational insights to
increase value for their firms. Using the power of Applied AI, we
make firm and market intelligence easy to find, understand, and
use. With Intapp, professionals can apply their collective
expertise to make smarter decisions, manage risk, and increase
competitive advantage. The world's top firms — across accounting,
consulting, investment banking, legal, private capital, and real
assets — trust Intapp’s industry-specific solutions to drive new
growth and multiply opportunity. For more information,
visit intapp.com and connect with us on X, formerly Twitter
(@intapp) and LinkedIn.
About delphaiBased in Berlin, delphai serves
finance, strategy, and business development professionals at the
world’s largest professional services and manufacturing companies.
We created a unified firmographics hub to provide unmatched access
to structured B2B company data that is reliable and fully
automated. By using cutting-edge AI (especially NLP and NLU),
delphai allows teams to intuitively access a single source of
business truth when it comes to value-creating company
intelligence. Better data. Better business.
ContactAli RobinsonGlobal Media Relations
Director, Intapppress@intapp.com678-909-0703
Intapp (NASDAQ:INTA)
Historical Stock Chart
From May 2024 to Jun 2024
Intapp (NASDAQ:INTA)
Historical Stock Chart
From Jun 2023 to Jun 2024