Ottawa, Ontario, March 4, 2020 — MindBridge, a leading global provider of artificial intelligence-based risk and anomaly detection solutions for the financial services industry, today announced that it has completed its acquisition of Brevis Limited, an accountancy technology firm serving the UK. This acquisition strengthens the MindBridge commitment to positively transform the accountancy and financial services professions while enhancing its position in serving its growing client base in the UK and Europe.
“Brevis has carved out a unique and valuable position in local accountancy marketplaces,” said Eli Fathi, MindBridge CEO. “We are aligned in our vision to transform the industry using artificial intelligence and ready to address the most pressing opportunities in helping organizations understand and leverage their financial data to make better decisions.”
Founded in 2017 by a team of Chartered Accountants, software engineers, and designers, Brevis has led the charge in using innovative technology to solve critical problems in understanding financial data and producing high-quality financial statements. This acquisition includes technology and talent, including key Brevis founders and principals, Stuart Cobbe, ACA, Sam Zalin-Miller, PhD, and Daniel O’Sullivan, Ma.
“We are excited to bring our automated financial reporting technology to auditors and accountants around the world, allowing them to provide high-quality insights to their clients,” said Stuart Cobbe, CEO, Brevis. “The industry is waking up to the value of data to bring trust and transparency into businesses and we are proud to be part of that change.”
Since releasing its flagship Ai Auditor product in 2017, MindBridge has grown its client base into 15 countries around the world and tripled the size of its workforce. With record year-over-year growth and the application of its AI platform towards solving broader use cases with the Bank of England, Payments Canada, and Bank of Canada, MindBridge continues to expand into new markets, including corporate finance.
MindBridge Analytics Inc. is a FinTech company based in Ottawa, Canada. Through the application of machine learning and artificial intelligence technologies, the MindBridge platform detects anomalous patterns of activities, unintentional errors and intentional misstatements. Using MindBridge Ai Auditor, organizations across multiple industries can minimize financial loss, reduce corporate liability, and can focus on providing higher value services to their clients.
Brevis was founded in 2017 by a team of accountants, software engineers, and designers with a vision for the future of the profession. Leveraging machine learning technology and current web design standards, Brevis brings value to accountants through its easy to use platform and customisable reports.
For more information, visit mindbridge.ai.