A week after becoming a Unicorn, Fractal Analytics has acquired Neal Analytics for an undisclosed amount. Neal Analytics is a cloud and data engineering company and an AI Microsoft Gold consulting partner. This acquisition will help Fractal strengthen its AI engineering capabilities and cloud-first offerings on Microsoft’s multi-cloud ecosystem. It will also enable clients to scale AI, power decisions, and solidify its presence in the Pacific Northwest, Canada, and India.
“This is an exciting opportunity to empower our people and work alongside like-minded practitioners to transform businesses with cloud, data, and AI. It will enable Neal Analytics and Fractal to grow and achieve more together,” said Dylan Dias, CEO, Neal Analytics. Neal Analytics comprises over 200 employees who have deep expertise in technologies like data science, AI and machine learning, edge computing, application development, automation, and business intelligence.
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Srikanth Velamakanni, co-founder, Fractal, said, “They (Neal Analytics) have built a great client-centric, people-oriented culture and have an impressive track record of solving and scaling AI engineering challenges, especially on the Microsoft platform, for marquee clients. This partnership will accelerate our ability to power data-driven decisions end-to-end for our Fortune® 500 sized clients.”
Fractal Analytics was the second Indian company to enter the Unicorn club in 2022 after raising $360 million from TPG Capital Asia. In a previous interview with Analytics India Magazine, Velamakanni said that the company would become more acquisitive. “Given how fast the portfolio of capabilities is expanding in the AI world, we have also been acquisitive. So if we feel we are not capable in a certain area, we look for really capable companies run by really spirited entrepreneurs and marry our vision with this,” he said.