THE CRUNCH

Kiteworks has acquired Bonfy.AI to integrate artificial intelligence capabilities into its data governance platform. Financial terms have not been disclosed, but the deal is estimated to be worth tens of millions of dollars. The move aims to address the perceived gap in AI functionality within Kiteworks' existing offerings.

WHAT HAPPENS NEXT

The integration of Bonfy.AI's technology into Kiteworks' platform is expected to be completed in the coming months, though no specific timeline was provided.