In the latest news, CrysCapital-backed digital platform and software engineering services provider Infogain acquired San Fransico-headquartered Absolutdata. The leader is an AI-based solution provider company that offers a range of advanced analytics and data science services.
Infogain On Growth Mode
Infogain seems to be on a growth mode, as the acquisition of Absolutdata comes after its recent acquisition of Silicus Technologies and Revel Consulting. Now with the latest deal, Infogain will add Absolutdata’s NAVIK AI platform to its portfolio, which offers pre-built and customisable solutions and services to make enterprise AI-ready. NAVIK AI platform includes SaaS solutions such as ASK NAVIK, NAVIK SalesAI, NAVIK MarketingAI, NAVIK ResearchAI and NAVIK TradeAI.
Infogain hopes to derive rapid growth, improve its revenue growth, and create more resilient customer relationships across industries.
“To meet client demand for digital transformation, Infogain pursued an acquisition strategy that emphasized strategy, experience, cloud transformation, and advanced analytics services. 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,” said Sunil Bhatia, CEO, Infogain.
Corroborating the same, COO of Infogain, Ayan Mukerji further says that the acquisition is going to benefit the combined clientele of Infogain and Absolutdata. Speaking of NAVIK AI, in particular, Mukerji says that this SaaS platform will help in ‘dramatically’ increasing the 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 points out.
A Deal That Benefits All
As pointed by the acquisition is a win for both the parties. Now as part of a larger organisation, Absolutdata’s data scientists and solution engineers will be able to leverage Infogain’s strategy, experience, and cloud technology expertise to deliver AI and analytics solutions.
Expressive the company’s excitement on joining Infogain’s team, Dr Anil Kaul said, “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.”