Infogain acquires an AI and advanced Analytics startup, AbsolutData

Infogain has now acquired an AI and advanced analytics firm, AbsolutData. The financial terms of the deal were not disclosed.

AbsolutData, is founded by Anil Kaul in 2001. It has been creating a scalable business impact for enterprise clients across the globe via advanced analytics and AI. The company’s NAVIK AI and analytics capabilities help customers to grow faster, develop deeper relations, and increase profitability.

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. 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."

Absolutdata's CEO Anil Kaul, Ph.D., 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."

The company said that it plans to click into the AbsolutData NAVIK AI platform and its team of 300 data scientists to boost its capabilities and do better business outcomes for the customer looking to adopt the digital platforms.

Infogain is looking to leverage the acquisition deal to build its presence in sectors such as Pharma, CPG, and telecom. Infogain also expects that data, AI, and analytics will account for around 15% of its revenue post-acquisition deal.