Board Intelligence, a London, UK-based AI-powered board software and board advisory firm, acquired TeamEngine, a Stockholm, Sweden-based board software provider.
The amount of the deal was not disclosed.
With the acquisition, Board Intelligence will accelerate innovation in AI-powered governance software offerings and will expand geographic reach to better serve clients across public and private sectors.
Led by CEO Anders Gröndahl, TeamEngine provides products and services for board and management collaboration, insider management, due diligence and crisis management. The company serves over 30,000 board members globally across 1,000 organizations. Its clients include some of Scandinavia’s largest businesses, including the Swedish retail chain Coop Sverige, and financial services firms Länsförsäkringar and SBAB Bank, as well as King Charles III’s charity, The Prince’s Trust. The company has offices located across the globe, including South Africa, UK, Mauritius, Sweden and Germany.
Established in 2010 and led by Co-CEos Jennifer Sundberg and Pippa Begg, Board Intelligence provides software and services that drive enhanced board decision-making. Clients include global organizations such as Generali, Schroders, Nationwide, Zurich Insurance Group, Aston Martin and Sage, alongside major public sector organizations such as the National Health Service (NHS).
The company’s solution is used by over 40,000 leaders across 3,000 organizations.
FinSMEs
17/09/2024