US based software company Pegasystems has acquired Bangalore based text analytics and social engagement platform, MeshLabs.
Post acquisition, it will integrate Meshlab’ text analytics and Natural Language Processing (NLP) to help clients collect social content.
Alan Trefler, Founder & CEO at Pegasystems said
“With MeshLabs technology, our customers will be able to extend their capabilities to further monitor social media streams, as well as other channels and data sources.”
The Meshlabs team will also join Pegasystems post merger. MeshLabs was started by co-founders Venkatesh Rao, Sampath Herga, Arijit Mitra and Shantanu Gudihal and incubated at IIM-Bangalore.