Kabbage to Acquire Orchard to Enhance Data Science Platform
Bank Nova Scotia Halifax Pfd 3 Ordinary Shares (BNS)
Last bank nova scotia halifax pfd 3 ordinary shares earnings: 2/25 05:30 am
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seekingalpha.com/article/4128193-bank-nova-scotias-bns-ceo-brian-porter-q4-2017-results-earnings-call-transcript
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Source: PR Web
ATLANTA (PRWEB) April 26, 2018 Kabbage, Inc., a global financial services, technology and data platform serving small businesses, today announced that it has entered into a definitive agreement to acquire substantially all of the assets of Orchard, a pioneer in developing technology and analytics for online lending and financial services. The acquisition will allow Kabbage to integrate Orchard's best-in-class technology platform for enhanced data capabilities, and will accelerate future product development and services for Kabbage's strategic partners and small business customers. The acquisition is subject to customary closing conditions.Orchard's CEO and co-founder, Matt Burton, as well as Chief Analytics Officer and co-founder, David Snitkof, will both join Kabbage in leadership roles upon the closing, helping oversee technology integrations and future innovations. In total, Kabbage will add more than twenty Orchard employees who are predominantly focused on advanced analytics, da
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