After the acquisition of Little English School, our M&A strategy continues with another important operation.
We are pleased to announce the acquisition of CELI – Language Technology, company based in Turin that operates in the fields of artificial intelligence, machine learning and natural language processing.
Created more than 10 years ago as a research center for language computation by a group of computational linguists and language philosophers in collaboration with the University of Turin and the Scuola Normale Superiore in Pisa, CELI is today a center of excellence offering software solutions and consulting expertise. It designs and develops solutions using natural language processing and semantic technology in order to extract knowledge and create value from language data (speech and text). CELI becomes part of our Industry division, that in 2016 recorded a revenue increase of 25% over the previous year and now has a staff of 250 people.
Today we have also closed the purchase agreement of Little English School, Vicenza's international school, that has officially become part of our educational offer after the preliminary agreement signed on June 8, 2017.
"The results for the first semester are very good and I'm glad that, after reinforcing our areas of services, consultancy and education, today we integrate both a true technology excellence and a great school in our offer. The school will allow us to experience the innovative model that we are investing in, helping a larger number of students face the many challenges of our ever-changing world." – declares our founder Riccardo Donadon. "After our tender offer was concluded, we can now expand and consolidate our business model.