AnaCap-backed PFS agrees to buy Artificial Intelligence Applications

AIS is a strategic, financial and technological consulting company.

  • PFS is a software and technological risk lifecycle management service provider
  • AnaCap acquired PFS in July 2022
  • AnaCap is a private equity firm based in London

PFS, backed by AnaCap Financial Partners, has agreed to acquire Artificial Intelligence Applications (AIS), a strategic, financial and technological consulting company.

AIS is based in Barcelona, Spain with subsidiaries in LATAM. It employs statistical and mathematical modelling for decision support systems, coupled with Big Data and Machine Learning techniques.

This acquisition will strengthen PFS’ market position by adding geographical diversification and expanding its credit-lifecycle management portfolio and will enhance its ability to extract value from data using AI, according to a release. Additionally, it will bring on board a team of 100 professionals in credit risk management and artificial intelligence.

AnaCap acquired PFS in July 2022. It has completed six strategic acquisitions over the past three years.

“The integration with AIS is a crucial step in the direction we are pursuing, opening up new opportunities in terms of clients, markets and countries,” said Agustín Rodríguez, CEO of pfs tech and data.

Madrid, Spain-based PFS is a multinational company that provides software and technological risk lifecycle management services. It saw an average annual growth of 50 percent over the last four years.

London-based AnaCap is a private equity firm that invests in lower mid-market software, technology, and services Europe.

No financial details of the transaction were disclosed.