Generative AI-powered document processing firm Parble has been acquired by London-listed Netcall in a €10m deal.
The total consideration for the deal is up to €8.7m, plus the assumption of €1.1m net debt, for a total cost of €9.8m (£8.3m). That include €4m payable if Parble achieves a revenue growth target from €1.5 million at the time of the acquisition to €3.3m within three years of the deal’s completion.
Brussels-based Parble provides a cloud-native, GenAI-powered document processing solution that automates data extraction and classification of structured, semi-structured and unstructured data to businesses digitise their processes, such as claims handling, and make insight-driven decisions. Parble has processed over 58 million documents to date
Netcall CEO James Ormondroyd said: “Parble is a valuable addition to the Liberty portfolio, enhancing our digital transformation capabilities and providing two-way cross-selling opportunities. We are delighted to welcome the Parble team and benefit from their expertise, and we look forward to working together to improve our customers’ operational efficiency.”
This story is being updated, more to follow
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