Infogain acquires AI and Advanced Analytics firm Absolutdata

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Infogain acquires AI and Advanced Analytics firm Absolutdata
IANS
New Delhi, Infogain, a Silicon Valley-based digital platform and software engineering company, has acquired Absolutdata, a San Francisco Bay Area based AI and Advanced Analytics company.

Absolutdata's award-winning 'NAVIK AI' platform and 300 data scientists will significantly enhance Infogain's ability to engineer superior business outcomes for its clients through the use of cutting-edge AI and Analytics, Infogain said in a statement.

Infogain's CEO Sunil Bhatia 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".

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Bhatia added that the acquisition will increase Infogain's presence in additional market segments such as CPG, telecom, and pharma.

Absolutdata's CEO Anil Kaul 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 organisations. 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," he said.

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This acquisition, Infogain's third in 14 months, follows its acquisitions of Houston-based Silicus Technologies and Seattle-based Revel Consulting.


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