Infogain has acquired San Francisco-based AI firm Absolutdata. The financial details of the deal remain closed. Pursuant to the acquisition, three hundred employees in the US of the AI company will transfer to the software engineering services provider.
CEO Sunil Bhatia of Infogain commented – “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.”
“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 toward achieving that goal,” said Ayan Mukerji, COO at Infogain.
The Silicon Valley-based company with digital platform and software engineering expertise in the technology, healthcare, insurance, travel, and retail industries accelerates experience-led transformation and delivery of digital engagement systems and platforms.
A ChrysCapital portfolio company and Microsoft Gold Partner and Azure Expert MSP, Infogain has offices in California, Washington, Texas, London, Poland, Dubai, India, and Singapore, with delivery centers in Seattle, Houston, Austin, Kraków, New Delhi, Bangalore, Pune, and Mumbai.
“Companies across the globe are increasingly looking towards a combination of Technology and AI/Analytics to drive scalable, sustained & profitable business growth. The Covid-19 pandemic has further accelerated digital transformation across organizations,” said Anil Kaul, CEO, AbsolutData.
Absolutdata’s NAVIK AI Platform has pre-built solutions, customizable solutions and enabling services to get an enterprise AI-ready. The set of AI-powered SaaS solutions include ASK NAVIK, NAVIK SalesAI, NAVIK MarketingAI, NAVIK ResearchAI and NAVIK TradeAI. The services teams build custom solutions based on NAVIK AI.
Founded in 2001, Absolutdata is based in San Francisco and employs 400 professionals across offices in San Francisco, New York, Chicago, London, Singapore, Dubai and Gurgaon.
-AK
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.