mergers and acquisitions
Kidd's company will use 1,000 Bitcoin and additional cash to acquire the interest, and the former Ripple chief risk officer will become CEO and chairman of the board.
The acquisition brings the parties' cross-litigation alleging patent infringements to a close.
This comes five years after Advent Partners and Geoffrey Sayer, who became its CEO, bought the company.
The deal includes an additional $5 million that could be paid to Catapult based on its performance after the sale.
The acquisition bolsters CCC's AI-powered SaaS platform by adding transformative AI capabilities.
The "game-changer" acquisition will integrate the Auckland-based company's healthcare data capabilities with AI.
The company also reported Q3 2024 earnings, noting total revenue of $76.4 million, adjusted EBITDA of $7.3 million and a net loss of $14.7 million.
The acquisition allows Resilience Lab to integrate Options MD's medication management and psychotherapy offerings for individuals with severe mental illness.
The acquisition adds governance, risk and compliance capabilities for behavioral health firms to Kipu's platform.
Foley & Lardner's Nathaniel Lacktman and Louis Lehot discuss which categories of digital health hold the most potential for M&As and why in this contributed piece.