Information technology (IT) solutions provider Mphasis on Thursday announced the acquisition of Datalytyx, a London headquartered company specializing in data engineering and consultancy services.
Financial terms of the deal have not been disclosed. According to Mphasis, the acquisition will strengthen the company’s next-gen data strategy and help them better serve clients by turning raw data into actionable information and building relevant digital capabilities for them.
“Together with Datalytyx and its highly skilled data professionals, we believe Mphasis is distinctively positioned to further fuel our worldwide clients’ transformational projects,” Nitin Rakesh, the CEO and executive director of Mphasis, said in a statement.
Founded in 2005, Datalytyx provides artificial intelligence (AI) and machine learning (ML)-backed custom data platforms analysis services, including data engineering, data science, data migration, data visualization, and more.
Datalytyx has partnered with companies such as Snowflake, Talend, Databricks, AWS, and Azure to deliver end-to-end services to modernise data architecture and operations for clients around the world.
“We are delighted to be a part of the Mphasis family and firmly believe that the collective vision and capabilities will lay a strong foundation for the future. Our combined expertise will be central to Mphasis’ next-gen data strategy and will further drive our clients’ digital transformation in Global markets,” John Webb, the co-founder of Datalytx said.
The acquisition news comes shortly after Mphasis reported a record $360 million worth of deals (total contract value or TCV) in direct international business for the quarter ended September 2020. This was the highest number for direct deals ever registered by the company in a quarter, with new-generation services making up 73% of the total.