Neural Technologies, vendor of business risk solutions, has announced the acquisition of Enterest, a German company that specializes in commercial open source software for data integration. The purchase price was not disclosed.
As a result of the deal, Andrew Tan, CEO of Enterest, becomes the new CIO of Neural. Tan commented:
There is a great deal of consolidation happening in the industry, so this was a natural step for both Enterest and Neural. The technology that Neural has taken on board here will be a core part of the future technology stack provided to both Neural and Enterest customers and will take our combined capabilities to the next level.
Enterest’s EDR Workbench software was already incorporated into Neural’s Optimus mediation platform, so it is unlikely that there will be problems integrating the products of the two firms. The deal will likely increase cross-sales to existing customers of both firms. However, the press release justifies the acquisition solely in terms of the technological synergies between each firm’s products.
Neural’s acquisition follows a period of sustained recruitment around world. Every indication suggests Neural has the financial firepower to proactively pursue increased market share.