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Home Business & Finance Near acquires Teemo to expand its data business into Europe – TechCrunch

Near acquires Teemo to expand its data business into Europe – TechCrunch

Document Analysis NLP IA

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neutral
sentiment

Sentiment0.071338383838384
objective
redaction

Subjectivity0.36742424242424
it's an affirmation
Affirmation0.59539473684211

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Summary (IA Generated)

Two companies in the data business are teaming up, with Near announcing that it has acquired French startup Teemo.

Near founder and CEO Anil Mathews told me that his company processes data around the online and offline behavior of 1.

Mathews said that Singapore-headquartered Near has been expanding “east to west,” so by acquiring Teemo, it will have a beachhead to expand throughout Europe — for example by getting direct access to the numerous big brands headquartered in Paris.

And while Mathews described Near as a company that has “from day one put privacy in the front seat,” he also suggested that Teemo has unique advantages in this area, particularly when it comes to Europe’s General Data Protection Regulation.

“They were the first company certified by the French Data Protection Officer as GDPR compliant.

Teemo’s founder and CEO Benoit Grouchko will become Near’s chief privacy officer, and the rest of the Teemo workforce will be joining Near as well, Mathews said.


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