Financial Analytics, BI Provider Iridium Technology Acquires Smart Time Apps to Add Timekeeping
Smart Time will become Iridium's fourth product family, following its flagship Iridium BI products and its Intellistat and Steere families of products created during Iridium's merger with Data Fusion in February 2020.
January 07, 2021 at 01:55 PM
3 minute read
This week, law firm business intelligence and financial analytics company Iridium Technology announced it has acquired timekeeping company Smart Time Apps, an integration aimed at expanding its data collection and analysis capabilities.
Through the acquisition, Smart Time will become Iridium's fourth product family, following its flagship Iridium BI (business intelligence) products and its Intellistat (financial analysis) and Steere (financial reporting) families of products created during Iridium's merger with Data Fusion Technologies in February 2020. Smart Time will operate under the Iridium name, and Smart Time co-founder Todd Gerstein will join Iridium as the vice president of the Smart Time product family.
Financial details for the transaction were not made public. Nevada-based Iridium Technology's primary funder is private equity firm Polaris, while California-based Smart Time is an independent company and was advised on the sale by investment bankers Hennepin Partners.
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