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Beyond Limits Announces Acquisition Of Altec

PRIVATEMar 02, 2022

Acquiring Company

Beyond Limits Asia-Pacific

Acquired Company

Altec

SoftwareData And AnalyticsScience And EngineeringArtificial IntelligenceDesignInformation TechnologySoftwareData And Analytics

Description

Beyond Limits, an industrial and enterprise-grade AI software company built for the most demanding sectors, today announced the company’s acquisition of Altec Products, Inc. (Altec), a leading provider of integrated document management and workflow solutions. The addition of Altec to Beyond Limits will enable accelerated product growth and drive digital transformation in new markets, furthering Beyond Limits’ mission to create world-class solutions for businesses that improve performance and enhance human decision-making.

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Company Information

Company

Beyond Limits Asia-Pacific

About

Beyond Limits is an enterprise-scale AI company that optimizes operations, boosts efficiency, and increases productivity for demanding industries including energy, utilities, and healthcare. Beyond traditional artificial intelligence, our software products are powered by Beyond Limits’ award-winning Cognitive AI technology, utilizing a hybrid AI approach that combines data-centric techniques with embedded human knowledge to affirm trust in software-driven decisions, manage operational risk, and drive profitability. Founded in 2014, Beyond Limits leverages a significant investment portfolio of advanced technology developed at Caltech’s Jet Propulsion Laboratory for NASA space missions. The company was recently honored by Frost & Sullivan as a Company of the Year for their 2021 Best Practices Award and by CB Insights on their 2020 List of Top 100 Most Innovative Artificial Intelligence Startups. For more information, please visit www.beyond.ai.

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Frequently asked

Who acquired Altec?

Altec was acquired by Beyond Limits Asia-Pacific. The deal was reported on March 2, 2022. Beyond Limits is an enterprise-scale AI company that optimizes operations, boosts efficiency, and increases productivity for demanding industries including energy, utilities, and healthcare. Beyond Limits Asia-Pacific is privately held and operates in Software.

When did Beyond Limits Asia-Pacific acquire Altec?

Beyond Limits Asia-Pacific's acquisition of Altec was reported on March 2, 2022. Beyond Limits, an industrial and enterprise-grade AI software company built for the most demanding sectors, today announced the company’s acquisition of Altec Products, Inc. (Altec), a leading provider of integrated document management and workflow solutions. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Altec do?

Altec’s document management and process automation solution DocLink helps companies connect their people, processes, and data by automating tasks in accounts payable and beyond into other enterprise departments. It is privately held, operating in Information Technology.

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