Funds Advised by Apax Partners Invest USD 200 Million in Fractal Analytics
/ -- Investment will accelerate Fractal's path to a $1 billion-revenue company in the AI space
Funds advised by Apax Partners (the 'Apax Funds') have today announced a definitive agreement to invest USD 200m for a significant minority stake in Fractal Analytics, a global provider of AI to Fortune 500 clients. The transaction, which consists of a secondary stake acquired from existing shareholders and a primary investment into the business, is expected to close by February 2019.
(Logo: https://mma.prnewswire.com/media/809139/Fractal_Analytics_Logo.jpg )
(Logo: https://mma.prnewswire.com/media/809146/Apax_Partners_Logo.jpg )
Founded in 2000 with the vision of powering every human decision in the enterprise, Fractal Analytics is a strategic analytics and AI partner to the most admired Fortune 500 companies globally. The company will use the investment by the Apax Funds to accelerate growth, both organically and through M&A, and to invest further in AI products and research.
Srikanth