Computer Age Management Services to buy 55% stake in Think Analytics India

Computer Age Management Services Limited (CAMS), an Indian mutual fund transfer agency, has agreed to acquire a stake of 55.42% in Think Analytics India Private Limited (TAIPL) from the latter’s founders in an all-cash deal.

Founded in 2013, Think Analytics India serves its customers in India and abroad with Software as a Service (SaaS) based products and data science services. The fintech company is in the process of introducing analytical solutions intended to be used with the account aggregator framework.

Think Analytics India has built products such as Algo360, KwikID, FlowXpert, and AAmaze that cater mainly to customers in the banking, financial services and insurance (BFSI) segment. The company has also expanded its customer base to include pharma, technology, consulting, energy, and oil and gas industries.

It has two subsidiaries, which are the India-based Think Analytics Consultancy Services and Ohio-based Think 360 AI.

The unaudited consolidated turnover of FY 2022 – 2023 up to December 2022 is around INR 2,351 lakhs.

Computer Age Management Services stated: “With AI, Analytics and data led technologies becoming mainstream to solve problems, transform and grow businesses, CAMS found investing into Think Analytics as a good opportunity that will assist CAMS in building overall market reach and drive innovation.

“The product and solution suite of Think Analytics is a great fit to the Account Aggregator offerings of CAMS which will help the company to solidify position as a digital public infrastructure.

“The acquisition will further drive CAMS’s vision of providing technologically superior products in the rapidly growing BFSI and capital markets space.”

According to Computer Age Management Services, the acquisition of Think Analytics India’s shares will be undertaken at a mutually agreed pre-money enterprise valuation, which has not been revealed because of confidentiality reasons.

Computer Age Management Services will be eligible to acquire the remaining shares in Think Analytics India in phases as per the terms of the definitive agreements.

The deal is expected to close by 10 April 2023.