© Reuters.
PALO ALTO, Calif. – Intapp Inc. (NASDAQ: INTA), a prominent provider of AI-powered 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 be finalized within 60 days from February 22, 2024.
Delphai specializes in AI-driven firmographic data automation and intelligence, processing public data from a multitude of sources to create structured, actionable information. Their technology is designed to simplify the analysis of firmographic data, allowing firms to merge internal data with external sources for a robust data foundation.
The integration of delphai’s AI into Intapp’s intelligent cloud platform is set to accelerate the company’s AI roadmap. Thad Jampol, Chief Product Officer at Intapp, emphasized the competitive advantage timely and accurate firmographic data provides. He expressed confidence in delphai’s AI models and technology stack as the future core of Intapp’s data backbone, enhancing research and handling of company information and increasing connectivity with data partners.
The acquisition will also include the transition of delphai’s team to Intapp, bringing on board AI specialists with extensive experience from leading organizations. Founder and CEO of delphai, Robin Tech, along with his team, will play a central role in Intapp’s data strategy. Tech noted the synergy between the two companies and the potential for delphai’s AI capabilities to significantly advance Intapp’s platform, transforming global company data into structured, valuable insights for professionals.
In the coming months, clients of Intapp can expect to access advanced AI features and insights across its solutions, empowering professionals to leverage data more effectively and concentrate on value creation.
The information for this article is based on a press release statement from Intapp Inc.
InvestingPro Insights
In light of Intapp Inc.’s (NASDAQ: INTA) recent announcement to acquire delphai, investors and industry observers are keenly watching the company’s financial health and market performance. With a current market capitalization of $2.92 billion, Intapp is making strategic moves to enhance its AI-driven offerings. Remarkably, the company holds 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 / Book ratio stands at 7.85 as of the last twelve months leading up to Q2 2024, indicating a high valuation relative to the company’s book value. This could reflect the market’s confidence in Intapp’s growth prospects, especially in the context of integrating delphai’s AI capabilities. Additionally, the company has seen a healthy revenue growth of 26.74% during the same period, suggesting that its business model and product offerings are resonating with its customer base.
InvestingPro Tips for Intapp reveal that analysts are optimistic about the company’s future, with 5 analysts having revised their earnings upwards for the upcoming period. This could be a signal to potential investors of the company’s expected performance trajectory. Moreover, while Intapp has not been profitable over the last twelve months, analysts predict the company will be profitable this year, which may be a turning point for the company’s financial outcomes.
For those interested in deeper analysis and more InvestingPro Tips, there are additional insights available on InvestingPro, which can be accessed with a special offer. Use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. With a total of 7 InvestingPro Tips listed for Intapp, investors can gain a comprehensive understanding of the company’s financial nuances and market position.
As Intapp continues to expand its AI capabilities and market reach, these financial metrics and insights will be crucial for stakeholders to monitor the company’s progress and make informed investment decisions.
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