London Company Acquires Newcastle Based Ricochet

Newcastle technology firm Ricochet acquired by a London company.

23:51 16 December 2020

Ricochet, a Newcastle start-up, has been recently acquired by London-based Cognism. The move marks the latest major acquisition for the North East tech sector. 

 

Ricochet, which was founded by entrepreneur Paul Smith just two years ago, uses data aggregation to profile and qualify businesses in real-time, helping sales teams to quickly identify new customer opportunities. 

 

Cognism, the world's best globally compliant B2B prospecting solution, said that the acquisition will further strengthen its world-class solution, creating a powerful new offering for B2B organisations. 

 

Paul Smith, CEO and COO at Ricochet, said: “We’ve admired Cognism’s approach and success since the early days of Ricochet, with both teams dedicated to empowering sales teams with actionable and accurate B2B data.

 

“We’re thrilled to be working with James and the team, and look forward to Ricochet’s technology helping Cognism’s customers improve efficiency and streamline their sales development activity.”

 

James Isilay, founder and CEO at Cognism, added: “I am delighted to welcome Ricochet to the Cognism family.

 

“Paul and his team have built a very impressive tool that is trusted by thousands of sales professionals in the B2B space. They solve a very difficult problem. Their focus on data quality makes them an easy fit for us at Cognism, being a world-leader in providing compliant business data. I am looking forward to working with everyone at Ricochet and helping our customers find and deliver new revenue opportunities in 2021 and beyond.”