Newgen Software Technologies Limited (Newgen) announced it has acquired Number Theory Software Private Limited, an AI/ML data science platform Company. Post acquisition, Number Theory will become a wholly owned subsidiary of the company.
According to the company’s exchange filing, “the Board of Directors of the Company at its meeting held today has approved the acquisition of Number Theory Software Private Limited (“Target Company”) as a wholly owned subsidiary company i.e., purchase of 100% of the paid-up equity shares of Number Theory Software Private Limited from its existing shareholders, viz. Tarun Gulyani and Rajan Nagina subject to the completion of customary conditions precedent as stated in the Share Purchase Agreement.”
Number Theory brings AI to enterprises through its Enterprise AI platform and data science capabilities to help its customers accelerate innovation and grow revenue. Number Theory achieves the data to business value journey in matter of weeks at massive data scale by putting its enterprise data hub, data science platform, and prebuilt application, the statement said.
Newgen Software is a globally recognized provider of Low Code Automation Platform for Digital Transformation. The company has been recognized by distinguished analyst firms including Gartner, Forrester, Frost and Sullivan, and IDC.
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