Newgen Software, a provider of a unified digital transformation platform, is pleased to announce that it is acquiring India-based Number Theory, an AI/ML (artificial intelligence and machine learning) data science platform company, subject to the completion of conditions as stated in the approved Share Purchase Agreement. Number Theory’s platform, AI Studio, brings intuitive AI/ML to every enterprise, while unifying the entire lifecycle of data engineering, from data preparation to model development and monitoring. It empowers both citizen and expert data scientists to work faster and more efficiently, thereby helping in accomplishing key machine learning tasks in just hours or days, not months. This acquisition is meant to strengthen Newgen’s low code digital transformation platform, NewgenONE, with AI/ML modeling and data analytics capabilities.
Ceros, a cloud-based, no-code design platform for interactive content, announced its acquisition of online visual feedback tool Oroson to accelerate its mission of empowering creativity and collaboration. The acquisition will add new functionality to Ceros’ own feedback collaboration tool, MarkUp. Available as a free subscription, MarkUp allows users to upload any website, image or PDF and share it across an organization for others to provide, review and resolve comments directly on the content itself. With the acquisition of Oroson, MarkUp users will be able to upload video and audio files and provide feedback — frame by frame — without the need to share individual files back and forth among teams. The new feature is expected to be available this summer.
Based in Northern Ireland, Oroson was founded eight years ago by Daniel McGlade, CEO, and Richard Davidson, CTO, who together have nearly five decades of experience in software development and deep market insights into meeting the needs of creative teams who need to easily review and provide clear feedback on digital content. In his new role with MarkUp, McGlade will lead growth and revenue. Davidson will transition into the role of principal engineer for MarkUp.