Sydney based Appen just announced that it’s acquiring crowdsourced recruitment platform Figure Eight in an all-cash deal that sees Appen paying $175 million upfront, with an additional payment of up to $125 million in 2020 based on Figure Eight’s performance in 2019.
The Figure Eight team will operate independently as a division of Appen through the end of 2019. Appen sees the acquisition as the next step of their evolution, becoming more tech forward.