Vertical Intelligence Provider Expanding into South America

Latin America represents 14 percent of the global big data analytics market. And this software provider is moving in on opportunities to expand into this profitable market.

Global data and analytics software and services provider NowVertical Group Inc. (TSX Venture: NOW) announced an agreement to acquire South American data science firm CoreBI. Per the company’s press release, NOW entered into a definitive agreement to acquire 100% of the issued and outstanding securities of CoreBI S.A. and CoreBI S.A.S., an ISO 9000 certified data science and analytics firm that provides data engineering, big data, data governance, business intelligence and data science.

The acquisition will provide NOW with new offices in Argentina, Colombia, and an established presence in Chile. CoreBI’s team includes market-leading experts and a solid software-agnostic technology implementation track-record. This will add to NOW’s product suite that enables the creation of high-value VI solutions that are predictive in nature and drive automation specific to each high-value industry vertical.

Shares were up 3% yesterday at $1.07.