Newport Beach-based startup Predictive Inc. acquired a Silicon Valley software maker developing advanced learning applications. Financial terms of the deal for Sunnyvale-based 2338 Technologies were undisclosed.
The agreement calls for 2338 founder and Chief Executive Carl Evans to take the title of co-founder, chief product officer and corporate counsel of the combined operation.
Predictive’s Raj Sultanian will retain his chief executive title.
Predictive started operations this year and has a handful of workers.
2338 was established last year and employs fewer than 10. Its technology will power PredictiveOps, a software subscription service that gleans data from documents and regulatory filings to help hedge fund managers make business decisions.
The product is scheduled to end private beta tests next month.
–Chris Casacchia
