Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Video conference company Huddly acquires AI startup Epigram
December 4, 2018

Fast-growing Norwegian-based video conference company Huddly has acquired Norwegian-based AI startup Epigram. Epigram has developed a set of tools for big data processing. The acquisition is the first for Huddly. According to DN.no, the founders of Epigram are paid NOK 5m for the company. Epigram reported a turnover NOK 5.6m and EBITDA of NOK 0.5m last year, corresponding to an EV/EBITDA multiple of 10x.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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