Intapp Acquires Transform Data International; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Intapp (NASDAQ:INTA), a global provider of AI-powered software for professional services, has acquired Transform Data International (TDI), a company focused on digital workplaces based on Microsoft 365 for professional services firms. TDI, a longtime Intapp partner, develops software add-ons for Intapp Collaboration solutions and serves clients in over 15 countries. The acquisition aims to enhance efficiency and productivity for professionals by integrating TDI's expertise and solutions into Intapp's offerings, particularly in facilitating collaboration within Microsoft applications.
May 02, 2024 | 1:13 pm
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Intapp's acquisition of Transform Data International is expected to strengthen its product offerings, particularly in collaboration solutions for professional services firms.
The acquisition of TDI by Intapp is likely to have a positive short-term impact on INTA's stock price. By integrating TDI's expertise and solutions, Intapp is expected to enhance its product suite, potentially increasing its market share and revenue in the professional services sector. The positive outlook is based on the strategic fit of TDI's technology with Intapp's existing offerings and the potential for new client acquisition and retention.
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