Absolutdata, a company that provides AI-powered solutions and advanced analytics has been acquired by Infogain.
Absolutdata, a company that provides AI-powered solutions and advanced analytics has been acquired by Infogain, a ChrysCapital portfolio company that deals with human-centered digital platforms and software engineering services.
The acquisition will equip Infogain to help clients drive rapid growth, improve revenue and create deeper, more resilient customer relations across multiple industries and is a positive development for Absolutdata’s existing customers, which include Global 500 clients.
As part of a larger organization with broader skills, Absolutdata’s talented data scientists and solution engineers can now work with strategy, experience, and cloud technology experts to deliver comprehensive AI and analytics solutions along with the infrastructure needed to execute digital transformation strategies.
“Digital transformation was underway before the pandemic, but COVID-19 accelerated it as global enterprises leverage AI and analytics on advanced platforms to manage change and drive growth,” said Dr. Anil Kaul, PhD, Absolutdata’s CEO and co-founder.
“This acquisition opens up career growth possibilities for our employees, and being part of a larger company with an expanded skillset will enable us to deliver innovative, end-to-end solutions to both companies’ clients as a unified team,” added Kaul.
With a strategic focus on growing its data, analytics and AI capabilities, Infogain is in strong growth mode. The Absolutdata acquisition follows Infogain’s earlier acquisitions of Silicus Technologies and Revel Consulting. Infogain now adds Absolutdata’s award-winning NAVIK AI platform and cutting-edge advanced analytics services to its portfolio. These expanded expertise and capabilities will further equip Infogain to help clients drive rapid growth, improve revenue and create deeper, more resilient customer relations across multiple industries.
“To meet client demand for digital transformation, Infogain pursued an acquisition strategy that emphasized strategy, experience, cloud transformation, and advanced analytics services,” Sunil Bhatia, CEO, Infogain, said in a statement.
He believes that the Absolutdata acquisition completes that strategy, providing clients with game-changing analytics and AI solutions that provide new sources of insights and better decision-making capabilities to drive faster business growth.
“This acquisition greatly benefits our combined clientele,” said Ayan Mukerji, COO, Infogain, who believes this endeavor will help Infogain dramatically increase its analytics customer base.
“At the same time, we can now offer strategy and experience, data estate, and cloud transformation services to Absolutdata customers, strengthening the available product and service portfolio. In this acquisition, everyone wins,” he added.
A press release mentioned that Ernst & Young served as the exclusive selling advisor to Absolutdata and Wilson, Sonsini, Goodrich & Rosati as the advisor to Infogain.