Infogain acquires artificial intelligence and analytics company Absolutdata

Absolutdata, a company that provides AI-powered solutions, advanced analytics, and data science services, announced it has been acquired by Infogain, a ChrysCapital portfolio company that deals with human-centered digital platforms and software engineering services.

“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. Infogain now adds Absolutdata’s award-winning NAVIK AI platform and cutting-edge advanced analytics services to its portfolio, said a statement from the company.

“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.”

“This acquisition greatly benefits our combined clientele,” said Ayan Mukerji, COO, Infogain. “Infogain now offers its first SaaS platform, NAVIK AI, an industry-leading digital solution that enhances our transformational services. This will help us dramatically increase our analytics customer base. At the same time, we can now offer strategy and experience, data estate, and cloud transformation services to Absolutdata customers, strengthening the available product and service portfolio. In this acquisition, everyone wins.”