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Exiger completes acquisition of XSB to enhance logistics and supply chain intelligence

PRIVATEAug 07, 2024•almost 2 years ago

Acquiring Company

Exiger

Acquired Company

XSB

New YorkArtificial IntelligenceFashionMachine Learning

Description

Exiger, the market-leading supply chain and third-party risk AI company, has announced the acquisition of logistics intelligence platform XSB. This strategic acquisition brings XSB's highly advanced parts and logistics intelligence platform, including its AI capabilities and proprietary knowledge base, in-house to Exiger. The combination of XSB's comprehensive dataset with Exiger's proprietary data and AI capabilities offers an end-to-end solution for the logistics, PEO, and acquisition communities, eliminating the need for standalone logistics systems.

Company Information

Company

Exiger

Location

Marina Boulevard #17-16

New York, New York, United States

About

Exiger is revolutionizing the way corporations, government agencies and banks navigate risk and compliance in their third-parties, supply chains and customers through its software and tech-enabled solutions. Exiger’s mission is to make the world a safer and more transparent place to succeed. Emboldening its 550 customers across the globe, including 150 in the Fortune 500 and over 50 government agencies, with award-winning AI technology, Exiger leads the way in ESG, cyber, financial crime, third-party and supply chain management. Its work has been recognized by 40+ AI, RegTech and Supply Chain partner awards. Learn more at Exiger.com and follow Exiger on LinkedIn.

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Integration timeline

70% of M&A integrations take 12-24 months to complete

Tech stack consolidation

83% of merged companies consolidate technology vendors within first year

Post-acquisition investment

Companies increase IT spending by 23% on average after acquisitions

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