Key takeaways
- GenXAI acquires SoftGrid Computers to enhance AI-driven digital solutions and expand globally.
- The acquisition combines GenXAI's AI expertise with SoftGrid's legacy in application development.
- Both companies aim to develop cutting-edge technologies and enter new international markets.
- The collaboration will empower startups, enterprises, and governments in a digital-first landscape.
- Leaders from both companies emphasize the transformative potential of this partnership.
GenXAI, an AI-powered enterprise performance management (EPM) solution provider, announced its acquisition of SoftGrid Computers, a leader in application development and web design, an official release stated.
The strategic acquisition is a monumental step in GenXAI’s business journey that aligns with its vision, innovation and global ambition, it said, adding that GenXAI is already delivering innovative solutions through strategic collaborations with platforms like Anaplan and SAP.
The acquisition strengthens GenXAI’s capabilities in advanced mobile application development and opens new avenues to build cutting-edge, AI-driven platforms across diverse digital ecosystems.
The move combines GenXAI’s state-of-the-art AI-driven capabilities with SoftGrid’s decade-long legacy in building robust digital solutions.
"At GenXAI, we’ve always been driven by a vision to redefine the future of technology…With this collaboration, we combine GenXAI’s expertise in AI-driven solutions with SoftGrid’s legacy in custom application development and web design," Rakesh Agarwal, founder and executive chairman of GenXAI, said in the statement.
Meanwhile, Ajay Golani, co-founder of SoftGrid, said, “At SoftGrid, we’ve always believed in building meaningful digital experiences through innovation and craftsmanship. Joining forces with GenXAI allows us to amplify our vision with the power of AI and reach new heights of impact. This is not just a milestone—it’s the beginning of a transformative journey for our team, our clients, and the future of technology.”
The release said that both companies will develop cutting-edge AI-infused technologies, expand into new international markets and empower startups, enterprises, and governments to stay ahead in a digital-first world.
