Infogain acquires AI and analytics firm AbsolutData
Los Gatos, California headquartered Infogain has acquired AbsolutData Research and Analytics, a San Francisco, Bay Area-based AI and advanced analytics firm.
Financial terms of the deal, which marks Infogain’s third acquisition in 14 months after Silicus Technologies and Revel Consulting, were not disclosed.
The IT services leader, in a statement, said that it plans to tap into AbsolutData’s NAVIK AI platform and its team of 300 data scientists to boost its capabilities and engineer better business outcomes for clients looking to adopt digital platforms.
“AbsolutData’s AI and advanced analytics solutions will transform how companies gain insights, make decisions and drive business growth,” Sunil Bhatia, CEO of Infogain, said.
Additionally, Infogain looks to leverage the acquisition to build its presence in segments such as CPG, telecom and pharma.
The 1990-founded company currently offers digital platforms and software engineering services to Fortune 500 and digital natives in the high-tech, travel, healthcare, retail and insurance industries.
The solutions it provides include digital transformation, application management, experience engineering, experience design, knowledge management, quality consulting, data platform modernization, data discovery and visualization. They are all based on technologies such as cloud, microservices, robotic process automation and artificial intelligence.
AbsolutData, on the other hand, has been creating a scalable business impact for enterprise clients across the globe through AI and advanced analytics. The company’s NAVIK AI and analytics capabilities, it claims, help clients grow faster, increase profitability, and develop deeper relations with customers.
Commenting on AbsolutData’s tech solution, Ayan Mukerji, COO at 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 toward achieving that goal,” Mukerji said, adding that the company will leverage its strategy and experience, data estate, and cloud transformation services to expand its footprint across AbsolutData’s customers.
The company expects that data, analytics and artificial intelligence will account for 15% of its revenue post acquisition.
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