The Technology team advised Kensho Technologies Inc. in its agreement to be acquired by S&P Global (NYSE: SPGI) for approximately $550 million, net of cash acquired, for a mix of cash and stock. The transaction is subject to regulatory approval and other customary closing conditions, and is expected to close late in the first quarter or early second quarter 2018. Kensho will continue to operate independently in Cambridge, Massachusetts and remain a distinct brand.
Kensho is an award-winning machine intelligence company founded out of Harvard University in 2013. The company’s early team members came from veteran roles at Google, as well as from academia. Kensho applies AI for real-world impact across government and commercial institutions around the world. A winner of multiple awards since its founding, Kensho has been named a “Technology Pioneer” by the World Economic Forum and honored as one of the most innovative technology companies in the world.
For additional details on the acquisition, please read the press release.