Salesforce Acquires PredictionIO for Undisclosed Sum

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a23d8487-5c12-4fa2-8067-3892dedb189d
Date
2/19/2016
Company Name
PredictionIO
Mailing Address
Undisclosed San Francisco, CA 94105 USA
Company Description
PredictionIO is an open source machine learning server for software developers to create predictive features, such as personalization, recommendation and content discovery.
Website
http://www.prediction.io
Transaction Type
M&A
Transaction Amount
Undisclosed
Transaction Round
Proceeds Purposes
M&A Terms
PredictionIO’s open source technology will remain open source and free for all users. The team will continue to work on evolving the project into a self-sustaining community. We’re also reducing the PredictionIO Cluster software fee on AWS Cloudformation to $0 for the first time. Financial terms of the transaction were not disclosed by the companies.