News Summary

• Beacon Software has bought Haize Labs.
• Terms were not disclosed.
• Tang joins as vice president of AI research.
• He will lead the AI operating system that Beacon deploys across the companies it owns, and co-founder Steve Li moves across with him.
• Beacon is a Toronto holding company that buys software firms serving recreation, utilities, education, government and manufacturing.
• Its founder pitched the model as the opposite of private equity.
• Nilam Ganenthiran founded Beacon and runs it.
• He was previously president of Instacart and a partner at D1 Capital.