SparkCognition is a leading global artificial intelligence technology company headquartered in Austin Texas that builds AI technology solutions for industrial applications in a range of sectors including financial services and energy. They catalyze sustainable growth for their clients throughout the world with proven artificial intelligence systems, award-winning machine learning technology, and a multinational team of artificial intelligence (AI) thought-leaders.
AIM2 is a financial technology company that is transforming market making and quantitative investment strategy with cutting-edge artificial intelligence products.
Appleby worked closely with onshore legal counsel in Texas, Latham & Watkins LLP, throughout the transaction. Appleby worked alongside their Appleby Global Services (AGS) colleagues to facilitate the acquisition structure, providing the client with a fully integrated legal and administrative service as part of the acquisition.
The Appleby team comprised Appleby Group Partner Mark Brady, Senior Associate Chris Smedley and Associate Stephen Parnell.
Speaking on the transaction Appleby Group Partner Mark Brady commented: “We think this transaction is indicative of the acceleration of digital transformation globally and of a theme within M&A which we expect to continue across a range of sectors, from financial services to energy & natural resources”.
Amir Husain, CEO of SparkCognition Inc. commented: “We are pleased to have engaged with Appleby on this acquisition, whose assistance proved instrumental to the completion of this transaction under tight timeframes”.
Appleby’s Merger and Acquisitions (M&A) team is well-positioned to advise clients on a wide range of M&A activities in the offshore region. Its unique jurisdictional reach means that Appleby is able to advise clients on complex, cross-border transactions involving the offshore jurisdictions that are most often encountered. The team regularly work with FTSE 100 and Fortune 500 companies around the globe and those with financial interests in them, to help them deploy strategic growth and restructuring initiatives, whether involving single jurisdictions or complex multi-jurisdictional, multi-disciplinary transactions.
Appleby Global Services (AGS) provides a range of administration, reporting and fiduciary services primarily focused on corporate structures. The dedicated team of experienced professionals work closely with Appleby’s legal specialists to provide clients with an integrated legal and corporate administration offering.
For more information about SparkCognition, visit www.SparkCognition.com.
