Happiest Minds, Io-Tahoe partner to offer data compliance-as-a-service

Bengaluru-based information technology (IT) services company Happiest Minds and US firm Io-Tahoe, an artificial intelligence (AI)- driven asset data management provider, have partnered to offer their clients data discovery and governance solutions. 

The deal between the New York-based company and the Ashok Soota-led organisation is expected to improve data security and maturity for client companies, while minimising exposure to data risk, a statement said.

“This partnership with Io-Tahoe will strengthen our solutions further by adding the capabilities of data governance, sensitive data discovery across platforms and hybrid cloud environments with AI-driven data cataloging features,” Priya Kanduri, CTO of information management systems and services, and vice president of cyber security at Happiest Minds, said.

Happiest Minds will utilise Io-Tahoe’s AI and machine learning-backed Smartdata platform to build a data compliance-as-a-service solution. The offering will enable clients to implement deep analytics and governance, data quality management and automated data discovery across heterogeneous data sources and platforms, the statement said.

The solution, it said, will also provide customers an auto generated smart data catalog to eliminate manual efforts, automate data flows and data lineage, conduct assessments for regulatory compliance and policy mapping, and offer continuous data governance.

“We will address the challenges organisations face as they attempt to capitalise on new digital market opportunities while also ensuring their data assets are protected and compliant with regulatory policies and security controls,” Ajay Vohora, CEO of Io-Tahoe, said.  

For the quarter ended September 30, 2020, Happiest Minds reported a 27.8% year-on-year increase in net profit to Rs 34.08 crore. The company, which launched an IPO on September 17, however, saw its consolidated net profit decline 32% sequentially from Rs 50.18 crore ($6.75 million).

It recently partnered with San Francisco-based ML firm AutonomIQ to bring autonomous testing capabilities to its digital transformation solutions. It also inked a pact with Michigan-based Lakeside Software to provide workplace analytics using its SysTrack tool.