The Ottawa-based firm, which develops artificial intelligence-based auditing tools, has completed its acquisition of U.K.-based Brevis Limited, an accounting-technology firm. MindBridge CEO Eli Fathi said the two companies are “aligned in [their] vision to transform the industry using artificial intelligence.” The firm said that the acquisition will help it grow its client base in the U.K. and Europe. (BetaKit)
Skip to content
The Ottawa-based firm, which develops artificial intelligence-based auditing tools, has completed its acquisition of U.K.-based Brevis Limited, an accounting-technology firm. MindBridge CEO Eli Fathi said the two companies are “aligned in [their] vision to transform the industry using artificial intelligence.” The firm said that the acquisition will help it grow its client base in the U.K. and Europe. (BetaKit)
Talking point: Launched in 2017, Brevis uses machine learning to generate financial statements, a natural extension to MindBridge’s risk-detection offering. In June 2019, the firm told The Logic that it was expanding its technology to financial-services organizations in banking and insurance, and was looking at sectors like energy. The acquisition comes after a strong year for MindBridge. Last fall, the Bank of Canada tapped the firm for a digital-payment fraud-detection project, and MindBridge also received $14.5 million from Ottawa’s Strategic Innovation Fund.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Exclusive
What the Maple 8’s first chief AI officer is up to
Briefing
Canada unlikely to double non-U.S. exports by 2035 without big investments: Report
Trucking giant TFI to start using driverless big rigs in the U.S.
U.S. fintech Ramp opens Toronto office, expands Canadian offerings
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
