Precog acquired by SF-based RichRelevance, will retain and expand Boulder office

By: InnovatioNews Monday August 19, 2013 0 comments Tags: Boulder, David Selinger, John De Goes, Precog, RichRelevance, TechStars, TechStars Boulder

BOULDER - Boulder-based Precog, an analytics technology company, has been acquired by San Francisco-based RichRelevance, a global leader in omni-channel personalization services, RichRelevance announced.

Terms of the acquisition were not disclosed.

Developed by veteran technologists with significant contributions to the open source community, Precog provides an advanced platform that helps companies store, integrate and analyze large volumes of modern, semi-structured data.

As part of the deal, Precog CEO John De Goes, a noted software architect and graduate of Techstars Boulder's 2011 class - along with Precog's entire team of senior engineering leaders - have joined RichRelevance.

"Precog is a cutting-edge company with phenomenal engineering talent," said David Selinger, RichRelevance CEO. "As we look to the future, the Precog deal will be incredibly valuable as we continue to innovate new ways to return data into measurable business value for our clients.

"We're very excited to welcome the Precog team and look forward to their immediate contribution to our culture, technology and business."

RichRelevance said it will integrate Precog's engineering team into data and analytics projects across research and development.

RichRelevance said it will retain and expand Precog's Boulder office, in addition to its San Francisco headquarters and office in New York, Seattle, Boston, Chicago, London, Malmo, Munich and Paris.

"David and his team have built an amazing company and platform," said De Goes. "Our companies share a vision of advanced analytics as the future of business and a dedication to giving back to the broader technology industry.

"Our team is excited to join RichRelvance and continue building toward our shared vision."

For more information, visit www.richrelevance.com.