ChrysCapital-backed Infogain has acquired data analytics company Absolutdata.
Absolutdata uses artificial intelligence to provide data analytics services to businesses. “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.” says Infogain CEO Sunil Bhatia. ChrysCapital focuses on investing in Indian companies in the financial services, business services, consumer, healthcare and life sciences sectors.
Wilson, Sonsini, Goodrich & Rosati is serving as legal counsel to Infogain in the U.S., Shardul Amarchand Mangaldas & Co. as legal counsel to Infogain in India, and KPMG as the financial and tax advisor to Infogain. Ernst & Young is serving as selling advisor.