CorsairM360, a full-service API management technology company announces the acquisition of Material Intellect, a system integrator focused on delivering artificial intelligence (AI) driven data aggregation and analytics solutions.
“Acquiring Material Intellect provides CorsairM360 the opportunity to provide current and future clients with services to aggregate and analyze vast quantities of structured and unstructured data using the latest AI technology,” said Keith Bacon, CorsairM360’s CEO. “Material Intellect’s platform complements CorsairM360’s Maestro360™ portable multi-tenant API management platform and extends the company’s ability to provide its clients with a comprehensive solution that allows them to easily build new applications and manage the data they generate.”
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“The acquisition by CorsairM360 is a logical next step for both firms,” said Harry Bushong, Material Intellect, CEO. “Together, the two companies will provide a solution set not available from any other organization. Our solutions will help clients easily build applications and then better understand how to predict outcomes from the data generated by these applications. This will reduce costly mistakes resulting from poor data analytics, particularly where complex data sets are concerned.”
Both companies share the same dedication to improving their clients’ experience by enabling them to deliver applications and process data faster and at lower costs. The combined capabilities of both organizations will create a single company that will uniquely provide innovative solutions to millions of companies of all sizes worldwide. The acquisition was accomplished through a stock transfer between the two companies. Going forward, Material Intellect will be a wholly-owned subsidiary of CorsairM360.
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