ChrysCapital-backed Infogain has announced that it has acquired AI and advanced analytics company Absolutdata. The acquisition allows Infogain access to Absolutdata's NAVIK AI platform to enhance its ability for engineering superior business outcomes for its clients through cutting-edge AI and Analytics.
Speaking about the development, Sunil Bhatia, CEO, Infogain, said, “Infogain's acquisition of Absolutdata completes our three-pronged acquisitions strategy to help customers' increasing demand for adopting digital platforms by employing strategy and experience, cloud transformation, and advanced analytics and AI services. Absolutdata's AI and advanced analytics solutions will transform how companies gain insights, make decisions, and drive business growth.”
He further added, “I am confident in our teams' abilities to collaborate, innovate and create significant value for our clients. We welcome Absolutdata's clients and employees to our growing Infogain family. The acquisition will increase Infogain's presence in additional market segments such as CPG, telecom, and pharma.”
Using a combination of its proprietary NAVIK AI platform, and AI and Advanced Analytics services, Absolutdata enables its clients to grow faster, increase profitable revenue, and develop deeper relationships with their customers.
“Companies across the globe are increasingly looking towards a combination of technology and AI/analytics to drive scalable, sustained and profitable business growth. The COVID-19 pandemic has further accelerated digital transformation across organisations. We are thrilled to be joining the Infogain team as we share a like-minded commitment to driving business success through disruptive technologies, said Anil Kaul, CEO, Absolutdata.
“As a unified team and company, we are well-positioned to service our clients' requirements comprehensively and innovatively, as well as providing tremendous growth opportunities for Absolutdata employees,” he added.
This is Infogain's third acquisition in 14 months, following acquisitions of Houston-based Silicus Technologies and Seattle-based Revel Consulting. Data, analytics and AI are strategic focus areas for Infogain and will account for 15% of its revenue post-acquisition.
Ayan Mukerji, COO, Infogain, said, “NAVIK AI represents our first commercially available SaaS platform and is part of our broader strategy of helping our clients leverage digital platforms combined with our transformational service offerings. We aim to double our analytics customer base over the next two years and are confident that this acquisition will help us significantly towards achieving that goal.”
He added, “Infogain, in turn, will leverage its strategy and experience, data estate and cloud transformation services to expand our footprint across Absolutdata's customers to help accelerate digital adoption.”