Samsung Electronics Co., Ltd., a South Korean multinational technology company, has acquired Oxford Semantic Technologies (UK), a provider of RDFox® knowledge graph software used to create highly scalable and real-time AI applications. The acquisition closed on July 16, 2024.

AcquirerSamsung Electronics Co., Ltd. (KR)
TargetOxford Semantic Technologies (GB)
ValueUndisclosed
TypeAcquisition
Closed Date2024-07-16
Announced Date2024-07-16
Buy-side AdvisorsNot disclosed
Sell-side AdvisorsNot disclosed
Legal (buy)Not disclosed
Legal (sell)Not disclosed

Samsung's goal is to integrate RDFox software into its product portfolio, aiming to boost the performance of AI applications and enhance personalized user experiences. Oxford Semantic Technologies' technology will allow Samsung to process vast amounts of data in real-time, enabling more sophisticated analytics and decision-making processes.

Financial details of the transaction were not disclosed by either party involved. The deal underscores Samsung's strategic focus on expanding its artificial intelligence capabilities to stay competitive in an increasingly digital market environment.