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PALO ALTO, California – Intapp Inc. (NASDAQ: INTA), a leading provider of ai-based software for various professional sectors, has announced the signing of an agreement to acquire delphai, a Berlin-based ai software company. The acquisition, pending standard closing conditions, is expected to close within 60 days beginning February 22, 2024.
Delphai specializes in ai-powered firmographic data intelligence and automation, processing public data from a multitude of sources to create structured, actionable insights. Its technology is designed to simplify the analysis of firmographic data, allowing companies to merge internal data with external sources to obtain a robust database.
The integration of Delphai's ai into Intapp's intelligent cloud platform will accelerate the company's ai roadmap. Thad Jampol, chief product officer at Intapp, emphasized the competitive advantage that accurate and timely firmographic data provides. He expressed confidence in Delphai's ai models and technology as the future core of Intapp's data backbone, improving the company's research and information management and increasing connectivity with data partners.
The acquisition will also include the transition of the Delphai team to Intapp, bringing in ai specialists with extensive experience in leading organizations. Delphai Founder and CEO Robin tech, along with his team, will play a central role in Intapp's data strategy. tech highlighted the synergy between the two companies and the potential for Delphai's ai capabilities to significantly advance Intapp's platform, transforming the company's global data into structured and valuable insights for professionals.
In the coming months, Intapp customers can expect to access advanced ai features and insights in their solutions, allowing professionals to leverage data more effectively and focus on value creation.
The information in this article is based on a press release from Intapp Inc.
InvestingPro Insights
In light of Intapp Inc.'s (NASDAQ: INTA) recent announcement to acquire Delphai, investors and industry observers are closely watching the company's financial health and market performance. With a current market capitalization of $2.92 billion, Intapp is taking strategic steps to improve its ai-powered offerings. Surprisingly, the company has more cash than debt on its balance sheet, which could provide the financial flexibility needed for such acquisitions and further research and development.
From a valuation standpoint, Intapp's price to book ratio stands at 7.85 for the trailing twelve months leading up to Q2 2024, indicating a high valuation relative to the company's book value. . This could reflect market confidence in Intapp's growth prospects, especially in the context of the integration of Delphai's ai capabilities. Additionally, the company has seen healthy revenue growth of 26.74% over the same period, suggesting that its business model and product offering are resonating with its customer base.
InvestingPro's advice for Intapp reveals that analysts are optimistic about the company's future, and 5 analysts have revised its earnings upwards for the coming period. This could be a signal to potential investors about the company's expected performance trajectory. Furthermore, although Intapp has not been profitable in the last twelve months, analysts predict that the company will be profitable this year, which may be a turning point for the company's financial results.
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As Intapp continues to expand its ai capabilities and market reach, these metrics and financial information will be crucial for stakeholders to monitor the company's progress and make informed investment decisions.
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