London, UK and Stockholm, Sweden, 9 September 2024 — Board Intelligence, a London-based provider of AI-powered board software and advisory services, has acquired Stockholm-based board software company, TeamEngine. The move benefits their clients, combining both firms’ products and expanding their geographic reach.
Founded in 2010, Board Intelligence supports over 75,000 leaders across 3,000 organizations, providing software and services that help boards make better decisions. Its clients include global names such as Generali, Schroders, Nationwide, Zurich Insurance Group, Aston Martin, and Sage, as well as major public bodies like the UK’s National Health Service (NHS).
With over 20 years of experience, TeamEngine serves over 30,000 board members across 1,000 organizations worldwide. Its clientele list features major Scandinavian companies such as Swedish retail chain Coop Sverige, financial services firms Länsförsäkringar and SBAB Bank, and The Prince’s Trust (King Charles III’s charity).
Board’s Intelligence’s AI-powered tool, Lucia, is recognized for streamlining board report creation and decision-making. TeamEngine’s engineering prowess will fast-track innovation, enhance Lucia’s functionality, bolster board effectiveness, and raise global governance standards.
“We are excited to join forces with TeamEngine, a company we have long admired for its strong presence in the Nordic market and its commitment to engineering excellence,” said Jennifer Sundberg and Pippa Begg, co-founders and co-CEOs of Board Intelligence. “This partnership enables us to leverage their expertise to create a global leader in governance technology and services, and accelerate our mission of driving better board decisions.”
TeamEngine CEO Anders Gröndahl added, “Board Intelligence has established itself as a leader in the board management space with an exceptional team and deep governance expertise. By combining our teams, we can deliver even more value to our clients and strengthen our global position.”
Financial terms of the deal were not disclosed.
About Board Intelligence
Board Intelligence, the UK’s largest board technology and advisory firm, is trusted by over 75,000 leaders and 3,000 organizations from Fortune 500 and FTSE 100 corporates, to drive high-impact decision-making and governance. For more information, visit boardintelligence.com and follow on LinkedIn.
About TeamEngine
TeamEngine Group AB is a software company that specializes in providing products and services for board and management collaboration, insider management, due diligence, and crisis management.
The company was founded over 20 years ago and has offices located across the globe, including South Africa, the UK, Mauritius, Sweden, and Germany. For more information, visit TeamEngine.com.
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Emma Priestley
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