AI, Analytics Provider Absolutdata Has New Owner
Absolutdata, which delivers scalable business impact through AI-powered solutions, advanced analytics and data science services, has been acquired by Infogain, a ChrysCapital portfolio company that provides human-centered digital platform and software engineering services.
The acquisition is a positive development for Absolutdata’s existing customers, which include Global 500 clients. As part of a larger organization with broader skills, Absolutdata’s data scientists and solution engineers can now work with strategy, experience and cloud technology experts to deliver comprehensive AI and analytics solutions along with the infrastructure needed to execute digital transformation strategies.
“Digital transformation was underway before the pandemic, but COVID-19 accelerated it as global enterprises leverage AI and analytics on advanced platforms to manage change and drive growth,” said Dr. Anil Kaul, PhD, Absolutdata’s CEO and co-founder. “I, along with my co-founders, Sudeshna Datta and Suhale Kapoor, are incredibly excited to join the Infogain team, which shares our drive to create value through innovation. This acquisition opens up career growth possibilities for our employees and being part of a larger company with an expanded skillset will enable us to deliver innovative, end-to-end solutions to both companies’ clients as a unified team.”
With a strategic focus on growing its data, analytics and AI capabilities, Infogain is in strong growth mode. The Absolutdata acquisition follows Infogain’s earlier acquisitions of Silicus Technologies and Revel Consulting.
“To meet client demand for digital transformation, Infogain pursued an acquisition strategy that emphasized strategy, experience, cloud transformation, and advanced analytics services,” said Sunil Bhatia, CEO, Infogain. “The Absolutdata acquisition completes that strategy, providing clients with game-changing analytics and AI solutions that provide new sources of insights and better decision-making capabilities to drive faster business growth. We’re thrilled to welcome Absolutdata’s clients and employees to Infogain, where I’m confident we’ll accomplish great things together.”