Crosslake Technologies, a leader in data-driven technology advisory services for private equity firms and their portfolio companies, announced today the acquisition of Intechnica, a technology firm specializing in due diligence, value creation and bespoke digital products and solutions.

Join us on November 9 to learn how to successfully innovate and achieve efficiency by upskilling and scaling citizen developers at the Low-Code/No-Code Summit. Register here. Almost every confidential investment memorandum (CIM) for a tech-driven enterprise includes the company’s mention of artificial intelligence (AI) or machine learning (ML) capabilities. But as with other investment buzzwords — such as “subscription revenue” — there is a tendency to use AI or ML to suggest complex, business-enabling, proprietary technology and processes to distinguish the offering as differentiated or technologically superior. This is often to garner higher valuation

PROVIDENCE – Citizens Financial Group Inc. recently provided a $50 million credit facility to a North Carolina technology advisory firm, according to a news release. The pre-approved loan to Crosslake Technologies includes a $25 million revolving line of credit and a $25 million term loan, which will be used to refinance debt and fund acquisitions. […]