UK-based information retrieval software company SmartLogic acquired US-based data sharing software developer SchemaLogic on Thursday for an undisclosed amount.
Chevron Technology Ventures, the corporate venturing unit belonging to oil major Chevron, invested an undisclosed amount as part of an agreement for Chevron to use SchemaLogic’s technology in its Global Information Link initiative, in October 2007.
SchemaLogic also picked up more than $18m in equity funding from investors including investment banking and securities firm Goldman Sachs, hedge fund Artis Capital Management, and venture capital firms Madrona Venture Capital and Phoenix Partners, between 2005 and 2007.
In addition to adding more blue chip customers to its client base, the deal will involve adding SchemaLogic’s SchemaServer engine to SmartLogic’s Semaphore software platform for businesses.
