Proteus acquires ‘AI-driven’ software startup Sharktower
Proteus, a data-driven consultancy firm, has announced the acquisition of business software development company Sharktower.
Edinburgh-based Sharktower is an “intelligent change delivery platform” that provides businesses and other organisations with AI-driven project management software.
As part of the acquisition, Proteus will incorporate Sharktower’s signature work management program into its suite of services that it provides to clients.
Proteus will take full ownership of Sharktower, with the deal also providing an exit for its investor base including main backers Equity Gap and Scottish Enterprise.
Craig Mackay, co-founder and CEO of Sharktower will take on the role of chief technology and product officer at Proteus, while fellow Sharktower co-founder Lynsey Taylor will be appointed chief client experience director.
Mackay said: “We’re proud to join forces with Proteus to become the only platform dedicated to continual data-driven business change. There is a strong cultural and ideological fit, and we’re confident that by combining our technology, data, and codified expertise the business will go from strength to strength.”
Proteus CEO Jason Sahota said: “This is the beginning of a new dawn for managing and predicting change in organisations globally. The Sharktower platform is second-to-none, and by bringing it into the Proteus product suite we are offering something truly unique to the market.”
Last May, Sharktower raised £400,000 in a seed round led by Equity Gap and backed by Scottish Enterprise.