Small Business Data Platform Radius Acquired

In the US, automated lending platform Kabbage has acquired small business data platform Radius Intelligence for an undisclosed sum.

Radius provides sales and marketing intelligence for targeting the small business market. Kabbage says the deal will enable it to more deeply understand and serve small businesses as it adds insights from more than twenty million US small businesses to its own platform. Following the transaction, Kabbage will add nearly twenty team members to its San Francisco office, as well as Radius CEO Joel Carusone (pictured), who will support the integration of the two companies and technology platforms.

Commenting on the news, Carusone said: 'As a company dedicated to small business analytics and data management, we've always had a deep respect for Kabbage's data-driven technology and focus. Our companies have complementary technical architectures and domain experience for decision-making. With Kabbage, we can build a more sophisticated analytics solution to identify, reach and serve small businesses'.

Web sites: www.kabbage.com and www.radius.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.