Altares announces the acquisition of Invoxis, a start-up specialising in Natural Language Processing (NLP)
Two data specialists join forces to offer companies the best of artificial intelligence.
Altares, the leading Data Economy player, is acquiring Invoxis, a French start-up specializing in enhancing and visualizing information to facilitate KYC processes.
Based in Paris, Invoxis was founded in 2013 and employs 12 people. The company uses the latest text mining and graph visualization technologies to help clients automate their investigation processes. Thanks to its natural language analytics technologies, Invoxis can collect and analyse structured and unstructured data from multiple sources (press, online media, social media, websites, company databases, etc.), in order to enhance and improve the efficiency of KYC (Know Your Customer) and AML (Anti-Money Laundering processes).
“At a time when Big Data is becoming an operational reality, this acquisition is in line with our strategy to consolidate our leadership in the data intelligence market,” said Patrice Ceccaldi, Chairman of Altares. “In this world of ever-changing technology, we collect, analyse and structure data, to make it smart and thus turn it into an agile decision-making tool for businesses’ senior and operational managers. We help our clients leverage their data and thus turn it into a growth driver.
By joining forces with Invoxis, we will step up our innovation capabilities by acquiring original, cutting-edge technologies enabling us to deliver added-value intelligence solutions fast. We will also expand our team with the addition of linguistic analysis and compliance experts. Our collaboration will prove successful very soon because on 2nd October we’re launching IndueD, the new due diligence cloud platform, co- developed by our two companies. And it’s just the first of many co-innovations!”
“We’re thrilled to be joining Altares Group,” said Pierre Quintard, Executive Director of Invoxis. “This marks a new stage in our development. We are very excited about this opportunity Altares is offering us to reach a wider market with our technology and know-how. Altares’ reputation, data assets and marketing force are major strengths that will enable us together to deliver innovative solutions that the market needs in the fields of competitive intelligence and risk analysis.”