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Augmented Reality Beauty Industry Leader Perfect Corp. To Merge with Provident

Deal values Perfect Corp at $1.02 billion.

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By: TOM BRANNA

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Perfect Corp. is merging with Provident Acquisition Corp. Under terms of the deal, Perfect Corp. is valued at $1.02 billion. Perfect Corp. creates augmented reality (“AR”) and artificial intelligence (“AI”) Software-as-a-Service (“SaaS”) solutions to beauty and fashion industries. The combined company will focus on accelerating Perfect’s global expansion, extending Perfect’s industry coverage from beauty and fashion to tangential sectors, and augmenting Perfect’s AR and AI SaaS solutions, includ...

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