A source told Geektime that Gartner paid between $15 million and $20 million for Senexx. Gartner intends to invest in growing Senexx’s capabilities in the future
Gartner, a Stamford, Conn., global IT research company, on June 30 announced the deal, saying Senexx will enhance its web search capabilities and augment its content recommendation engine and proprietary social platforms. Gartner did not disclose details of the transaction, but a source told Geektime that the deal is valued between $15 million and $20 million.
“We have a high regard for the intellectual property and business Senexx has built since it was founded in 2011,” Gene Hall, CEO of Gartner, said in a statement. “We will work with Senexx’s talented leadership team to invest in the development of their innovative platform to benefit our clients while minimizing disruption to their business throughout the integration process.”
Gartner said it is investing to rapidly expand Senexx’s team in Tel Aviv to accelerate the company’s innovation. It is hiring new senior software engineers and data scientists as part of its investing.
Senexx is an internal question and answer platform that helps corporations identify and manage expertise within an organization. The patent pending technology increases cross-team collaboration by identifying experts or individuals with certain skills in an enterprise to employees needing that expertise. Its cloud-based service is meant to improve productivity by increasing collaboration and cataloging solutions.
“Senexx improves productivity by identifying individuals with specific knowledge and experience in a particular subject to help organizations answer questions, solve problems and realize new opportunities,” Zeevi Michel, founder and CEO of Senexx, said in a statement. “We are excited to accelerate the growth of our platform and products, in addition to applying our proven capability to help Gartner deliver greater service to its clients.”
Founded in March 2011 by Zeevi Michel and Vova Feldman, Senexx is a graduate of Techstars Boston 2011, which invested $250,000 in the company. Senexx also participated in UpWest Labs’ first batch of startups in 2012.
Gartner is an information technology research and advisory company that delivers technology-related insight to more than 14,000 customers. Founded in 1979, Gartner has 6,100 associates including 1,460 research analysts and consultants serving clients in 85 countries.