23
Jan

Dialogue Technologies Inc. acquires German Occupational Health and Safety services company ARGUMED Consulting Group GmbH

MONTREAL and MUNICH, Jan. 22, 2020  Dialogue Technologies Inc., the leading Canadian telemedicine, health and well-being provider, announced today the acquisition of German Occupational Health and Safety (OHS) services company ARGUMED Consulting Group GmbH. The acquisition marks an evolution in Dialogue’s product offering and expansion opportunities in European markets.

Since 2016, Dialogue has been focused on making employees healthier, happier and performing at their best potential. This acquisition allows Dialogue to pursue its mission through a different lens and roll out its technology platform to help millions of European employees avoid preventable workplace issues.

ARGUMED provides the full range of workplace health and safety services to a diverse portfolio of clients and industries throughout Germany. ARGUMED’s expansion strategy is built around digitizing services offerings such as psychological and other risk assessments, instructions, training and hazardous substances management. Applying modern technologies plays a significant role in ARGUMED’s approach to reduce existing regulatory complexity by providing tailor-made solutions for employers and freeing their workplaces from preventable health and safety risks.

ARGUMED has set the bar for world-class OHS delivery and we are excited about the opportunity to continue building on that momentum together, said Cherif Habib, Dialogue CEO. This acquisition enables us to combine Dialogue’s industry-leading telemedicine technology with ARGUMED’s OHS expertise to further help employers create healthy, safe and productive workplaces for employees.

“Working with Dialogue will allow us to expand our reach and reinvent the way we deliver OHS products and solutions to our clients,” said Maike Laska, ARGUMED founder and CEO. “Dialogue’s vision is perfectly aligned with ours and we look forward to developing new and innovative approaches to support employers.”

“The health technology leadership we have established in Canada will be an asset as we continue to expand our operations throughout Europe,” said Philipp Dornbach, Dialogue General Manager, Germany. “Integrating ARGUMED’s OHS solutions increases our credibility in the market and gives us a more comprehensive service offering for new and existing clients.”

“Invest in Bavaria is very happy to welcome Dialogue with its European headquarter in Bavaria! With the acquisition of ARGUMED, Dialogue laid the foundation for growth in Europe,” said Dr. Wolfgang Hübschle, Executive Director Invest in Bavaria. “May both companies prosper from their cooperation! We look forward to more jobs being created.” 

Quick facts

Dialogue has acquired ARGUMED’s full business operations, including the organization’s Munich and Freiburg headquarters, along with its 50 partnerships with competence centres across Germany. The ARGUMED acquisition represents a new business line for Dialogue and the opportunity to meet a significant portion of the $28B EU OHS total addressable market (TAM);

As part of the transaction, ARGUMED will continue to serve existing and new clients, while Dialogue builds new technology to support and improve the delivery of OHS services digitally;

With support from Dialogue, ARGUMED will expand its operations, customer-facing, product, and technology teams in Germany and throughout the European Union;

The transaction will create dozens of highly-skilled local jobs in Canada and Germany.

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    AI STARTUP RUBIKLOUD TO BE ACQUIRED BY OTTAWA-BASED KINAXIS FOR $81.4 MILLION CAD

    OTTAWA, ON, June 15, 2020 – Kinaxis® Inc. (TSX: KXS), the authority in driving agility for fast, confident decision-making in an unpredictable world, has signed a definitive agreement to acquire Toronto-based Rubikloud, a disruptive, emerging provider of AI solutions that automate supply chain prescriptive analytics and decision-making in the retail and consumer packaged goods (CPG) industries.

    Globally-recognized retailers and CPG manufacturers in the health and beauty, household and grocery segments use Rubikloud’s AI-based products today. Their offerings include demand forecasting and automation to manage and optimize trade promotions, pricing and assortment to drive product demand and dramatically improve financial results. Kinaxis will enhance RapidResponse’s demand planning capabilities with the Rubikloud offerings, anticipating initial opportunities in the company’s rapidly-growing CPG customer base and over time for other industries such as life sciences. The acquisition also offers Kinaxis a springboard into the enterprise retail industry.

    “Rubikloud has capabilities and value that we can offer our CPG customers today, leads us into the retail industry with some bellwether accounts, and adds a group of approximately 80 people to an already-impressive AI and machine learning (ML) team here at Kinaxis. Over time, this enhanced group will contribute to new and existing AI-powered capabilities across the full Kinaxis RapidResponse® platform and applications,” said John Sicard, President and CEO of Kinaxis. “This acquisition reflects the growing importance of AI and ML to power intelligent automation and augment human decision-making to better deliver on customer promises, remove waste and increase resiliency for effective risk management.”

    Rubikloud’s SaaS-based ML offerings empower retail and CPG manufacturers to transform their core operations by improving and automating complex, profit-generating decisions. Rubikloud’s proven AI capabilities and intuitive tools enable users to leverage disparate data sources to improve forecast accuracy, site-level allocations, inventory availability and promotion plans by allowing users to run boundless simulations in real time.

    “We founded Rubikloud with the belief that purpose-built AI could be used to solve some of the most complex industry problems and we have spent the last seven years building a fantastic product that receives validation from global customers every day,” said Kerry Liu, CEO, Rubikloud. “We’re excited at the prospect of joining Kinaxis, which helps us bring our innovations to a much broader customer base at a faster pace than on our own. Not only that, being two strong Canadian companies we see great cultural synergy and look forward to working on the complex problems we know RapidResponse and concurrent planning can solve for customers.”

    Terms of Agreement
    Kinaxis will acquire Rubikloud for US$60 million in an all-cash transaction that is expected to close within 60 days. Based on Rubikloud’s current revenue and expense profile, the company’s fiscal 2020 revenue and Adjusted EBITDA guidance, as reiterated in its May 6, 2020 news release, remains unchanged. The transaction is subject to customary closing conditions.

    About Kinaxis Inc. 
    Everyday volatility and uncertainty demand quick action. Kinaxis® delivers the agility to make fast, confident decisions across integrated business planning and the digital supply chain. People can plan better, live better and change the world. Trusted by innovative brands, we combine human intelligence with AI and concurrent planning to help companies plan for any future, monitor risks and opportunities and respond at the pace of change. Powered by an extensible, cloud-based platform, Kinaxis delivers industry-proven applications so everyone can know sooner, act faster and remove waste. For more Kinaxis news, follow us on LinkedIn or Twitter.