On the 24th of Dec, Infogain a software engineering and digital platform provider led by CEO Sunil Bhatia, acquired their third AI and analytics company, Absolutdata, all in a span of 14 months. The acquisition’s main highlight is the union of Absolutdata’s NAVIK AI platform and its ability to drastically increase the efficiency of Infogain’s services.
Bhatia on the note of the acquisition said,
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. Absolutdata’s AI & advanced analytics solutions will transform how companies gain insights, make decisions, and drive business growth. I am confident in our teams’ abilities to collaborate, innovate and create significant value for our clients. We welcome Absolutdata’s clients and employees to our growing Infogain family. The acquisition will increase Infogain’s presence in additional market segments such as CPG, telecom, and pharma.
Enterprise-grade NAVIK AI uses self-learning to adapt to the dynamic market of business and utilizes decision-centric processing, formed from “ML and AI models engineered for each unique client to optimize decisions.” This fusion also includes Absolutdata’s 300 world-class data scientists to Infogain’s arsenal of business tools.
Anil Kaur Ph.D., AbsolutData’s CEO said,
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. We are thrilled to be joining the Infogain team as we share a like-minded commitment to driving business success through disruptive technologies. As a unified team and company, we are very well positioned to service our clients’ requirements comprehensively and innovatively, as well as providing tremendous growth opportunities for Absolutdata employees.
Like AbsolutData, both Silicus Technologies and Revel Consulting were acquired in a similar fashion. The move was in no doubt following their trend of acquiring analytics and AI companies. Be sure to expect an Infogain to become a commonplace name as they continue to grow and expand their influence and power.
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