Ness Digital Engineering acquires Intricity to enhance data solutions
Ness Digital Engineering, renowned for its comprehensive digital transformation services, announced its acquisition of Intricity, a leading company specialized in data strategy, governance, modernization, and monetization solutions. This strategic move is set to enhance Ness’s capabilities in handling complex data challenges, which are at the core of digital transformation efforts today.
Strengthened Data Engineering and Strategic Partnerships:
– Enhanced Data Strategy and Advisory Capabilities: The acquisition brings Intricity’s expertise in data strategy and advisory services into Ness’s portfolio, strengthening its existing data engineering capabilities.
– Collaborations with Snowflake and Databricks: Ness plans to build on Intricity’s strategic alliances with major technology firms like Snowflake and Databricks, enhancing its service offerings in data solutions.
Ranjit Tinaikar, CEO of Ness Digital Engineering, expressed enthusiasm about the acquisition, stating, “Ness has always had a strong capability in data engineering, and the acquisition of Intricity brings the data strategy and advisory capability. We are excited to welcome Intricity’s talented team to Ness, combining our strengths to deliver even greater value to our clients.”
Comments from Intricity Leadership:
– Arkady Kleyner, Principal & Co-Founder of Intricity, highlighted the acquisition’s potential to accelerate growth, “Joining Ness, backed by KKR, presents an exciting opportunity to accelerate our growth trajectory worldwide. We are excited to leverage Ness’s global presence, digital competencies, and deep industry expertise to deliver digital transformation solutions to a wider range of clients.”
– Troy Clemente, Principal & Co-Founder of Intricity, added, “We have successfully established ourselves as experts covering the entire information lifecycle, and by joining Ness, we can accelerate our combined clients’ AI journeys based on modern data infrastructures.”
Financial Advisory and Future Outlook:
Zinnov acted as the financial advisor to Ness Digital Engineering for this acquisition, which marks a significant step in enhancing Ness’s ability to deliver comprehensive digital solutions that drive meaningful business outcomes and accelerate innovation for clients across various industries.
The acquisition of Intricity by Ness Digital Engineering represents a strategic enhancement of Ness’s data solution capabilities, positioning the company to better meet the evolving needs of its clients in the digital age. This move is expected to result in a more robust offering that can tackle the complex challenges of data modernization and monetization, crucial for successful digital transformations.