InterVision, a California-based information technology solutions platform owned by Detroit-based lower-middle-market private equity firm Huron Capital, has acquired California’s SeyVu, a company that specializes in machine learning and artificial intelligence. Details of the transaction were not disclosed.
SeyVu’s data analysis capabilities include fraud prevention, voice of customer, supply chain, market research, investment research, brand management, and other data-intensive applications. It was founded in 2016 and helped to drive the adoption of data science applications by many corporations.
“Machine learning and artificial intelligence are fast-growing technologies that are disrupting many industries,” says Aaron Stone, president and CEO of InterVision. “Our clients need to quickly transform their data into actionable solutions and accelerate their digital transformation journey to stay competitive. SeyVu has the methodology and experience to help our clients shift from being retrospective and reactive in analysis of data to being predictive, prescriptive, and proactive.”
SeyVu works to make data-driven decisions accessible to private and public sector companies that want to improve their profitability and capture the benefits of big data.
“SeyVu is committed to implementing advanced analytics, AI, and data science applications across industries ranging from high-tech, consumer, manufacturing, education, and government,” says Harsha Gopianandan, CEO and founder of SeyVu. “Joining forces with InterVision is expected to open new opportunities to work on leading-edge projects to help clients improve business outcomes during this exciting time for the IT industry.”
Huron Capital partnered with InterVision in 2016 to pursue opportunities in the information technology industry. Since then, InterVision has also merged with or acquired Fotis Networks, Infiniti Consulting Group, Bluelock, Netelligent, and Independent Technology Group.
InterVision offers information technology managed services, on-premise solutions, professional services, cloud solutions, automation, and consulting services.
Huron Capital is a private equity firm that works to grow lower middle-market companies through its buy-and-build investment model. Over the past two decades, it has established six investment funds totaling about $1.8 billion in capital and has completed more than 175 transactions throughout North America. Its portfolio companies have had aggregate annual revenues exceeding $3 billion, 15,000 employees, and operated more than 325 facilities.