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Deloitte Canada has acquired Groundswell Group, a Calgary-based artificial intelligence (AI) and data integration firm.
Following the deal, Groundswell’s 133-person team will join Deloitte’s Canadian consulting practice, under Omnia AI. Groundswell will also continue to serve clients in Western Canada. Deloitte Canada declined to disclose the financial terms of the acquisition to BetaKit.
Groundswell marks Deloitte Canada’s second acquisition of 2021, with its first being TWG.
Founded in 2001, Groundswell delivers a variety of services to help its clients capitalize on the value of data. The firm does not sell a specific software, however, its team provides niche expertise to firms spanning the oil and gas, retail, utilities, finance, and manufacturing sectors, among others.
Code for AI becomes public as part of startup license structured by The Working Group
February 08, 2021 21:26 ET | Source: The Working Group The Working Group New York, New York, UNITED STATES
NEW YORK, Feb. 08, 2021 (GLOBE NEWSWIRE) On January 1, 2021, Port. Prerogative Club, a Delaware Corporation (“Port.”), acquired the license of technology developed by Blackbird Logical Applications, LLC (“Blackbird.io”). The license includes a royalty and a cash payment of up to $50 million in the event Port. chooses to purchase the technology. The license terminates in the event of non-use of the technology with an agreed upon period of time. Ilya Podolyako, the founder of Blackbird.io, released the underlying source code to the public under a GNU General Public License 3.0 license at bbio.fogbugz.com.