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ICR Inc. handles iLearningEngines as the AI-powered corporate and educational learning systems goes public via a $1.4B SPAC deal with Arrowroot Acquisition Corp.
Founded in 2010, iLearningEngines chalked up $309M in 2022 revenues, which was up 42 percent over the year earlier period.
The Bethesda-based company has a dozen core verticals, including oil & gas, healthcare, industrial and insurance sectors.
“As an early pioneer in enterprise AI and its application in learning and process automation, we believe iLearningEngines is in a category of one—owning a unique space with first mover advantage and significant moats built around specialized learning and engagement subsets,” said founder/CEO Harish Chidambaran.
iLearningEngines, which has offices in Dubai, Australia and India, will trade on the NASDAQ.
ICR’s Kevin Hunt works the investment community for iLearningEngines, while Kevin McLaughlin handles the media.
Joele Frank represents Confluent Inc. as the Mountain View, CA-based data streaming platform company agrees to be acquired by IBM in a deal with an enterprise value of $11B.
Tom Johnson, who has headed H/Advisors Abernathy since 2016, will join FGS Global as global head of private capital & financial services, effective Dec. 16.
Brunswick Group handles Paramount’s $30 cash per-share offer for all of Warner Bros Discovery, topping Netflix $27.50 cash/stock transaction.
ICR Inc. handles communications for Enhanced Ltd, which plans to run Olympic-type competitions with athletes using performance-enhancing drugs, as it goes public in a SPAC deal valued at $1.2B via a merger with A Paradise Acquisition Corp. of Hong Kong.
C Street Advisory Group handles strategic communications duties for American Signature Inc. as the Columbus-based home furnishings retailer declares Chapter 11.
