Checkin.com Fully Acquires Estonian Tech Company DATACORP

Checkin.com Group, a leading SaaS software provider, recently announced that it has entered into an agreement to acquire all shares in the Estonian tech company DATACORP OÜ (DATACORP). 

As detailed in the official announcement, this transaction is anticipated to complete during January 2022. DATACORP and its co-workers are specialized in developing AI software for image analysis based on neural network algorithms, computer vision and machine learning. Checkin.com Group assesses the acquired technology and knowledge to be a crucial piece of the puzzle in their ongoing development of the next generation checkin solutions.

In addition, the acquisition is a next step in Checkin.com Group's strategy to acquire advanced technology within hyper specialized key areas that strengthens the group's already leading SaaS software for checkins. The outcome of the acquisition and the combined companies will enable technological synergies but also economies of scale within cost efficiency.

"The DATACORP team has cutting-edge expertise within this complex area and the AI technology they have started to build is just brilliant. We always strive to stay far ahead in our product development, and we have identified their knowledge and technology as an important pillar in our development of the checkin solutions of the future. Their technology also complements the technology developed by GetID in a great way, and will strengthen our software both in the short and mid term", comments Kristoffer Cassel, CEO and co-founder of Checkin.com Group.

As Fazzaco reported earlier, Checkin.com Group has entered into an agreement to acquire all shares in the Estonian tech company GetID​.