![]() ![]() Just as importantly, the team at Headstart brings cutting-edge data scientists, programmers and customer success professionals that will enhance our broader team strength. Silverback's CEO Ron Bienvenu noted, "We have assembled a veteran team of tech and data industry experts at Silverback aimed at acquiring and integrating data-rich, EBITDA accretive businesses. After reviewing dozens of companies in the human capital industry, it was clear to us that Headstart had the most data-rich technology platform available. Adding Headstart to our existing portfolio of businesses will allow us to leverage our data valuation and monetization platform known as 'DICE' to create additional high-value, recurring revenue streams. Silverback CEO Ron Bienvenu will serve as the interim CEO of Headstart during this integration period, and Nicholas Shekerdemian, Headstart's Co-Founder and Executive Chairman will be joining Silverback's Board of Directors as Vice Chairman. Silverback will also pursue an aggressive organic growth strategy at Headstart, with significant opportunities to expand to organizations in the US market. The acquisition is part of Silverback's strategy to build highly valuable, vertically specific data companies that can leverage Silverback's DICE data valuation engine's proprietary technology and data valuation capabilities. Spear Point Advisors, LLC ("Spear Point") served as Silverback's exclusive financial advisor for the transaction. Headstart.io will remain an independent wholly owned subsidiary of Silverback and will continue to be headquartered in London, UK. The acquisition will be immediately accretive and will accelerate its strategy for the assetization of data on a global basis. ( headstart.io) in an all-stock transaction. pending FINRA approval of name and ticker symbol change) announced the acquisition of UK based Headstart AI, Inc. 18, 2022 (GLOBE NEWSWIRE) - Silverback United, Inc. Featured Image for Silverback United, Inc.
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