Altimetrik acquires Bengaluru-based AI firm to boost engineering services

Altimetrik, a U.S.-based digital engineering solutions company, has signed an agreement to acquire SLK Software, a Bengaluru-based AI and data analytics firm.  The transaction, subject to customary closing conditions, is expected to close in the second half of 2025, the company said. Financial details of the transaction were not disclosed.
Both the firms backed by the Vattikuti family will operate as a single platform with interests in banking, financial services, manufacturing, automotive, healthcare, retail, and tech industries. The combined entity will serve over 300 global clients with a workforce of 12,500 professionals, focusing on AI-powered transformation across industries like banking, financial services, manufacturing, automotive, healthcare, retail, and tech. 

The company said in a statement that this acquisition will enhance Altimetrik's end-to-end services, expand its customer reach, and accelerate its path to $1 billion in annual revenue.
The acquisition of SLK, founded in 2000 and recognised for its innovative digital solutions, will significantly scale Altimetrik's capabilities. By combining Altimetrik's AI-first engineering model with SLK's technology services, the company will accelerate enterprise platform modernisation for its customers.

Altimetrik will leverage SLK's customer relationships, global footprint, and leadership talent to deliver innovation-led value. "AI is driving business value," said Raj Sundaresan, CEO of Altimetrik. "Our investment in SLK reflects our intention to deepen our commitment to customers seeking digital, AI-driven solutions for rapid business value creation. We look forward to welcoming SLK Software to Altimetrik."

Upon closing, the combined entity will serve over 150 global businesses, including Fortune 500 companies and tech enterprises, and partner with pioneers like OpenAI, AWS, Snowflake, and Databricks. With over 10,000 professionals worldwide, the company will support customers' digital transformation, modernising legacy systems with data and AI, while ensuring governance, compliance, and platform security across diverse industries.

"Bringing together the two businesses is about scaling what we do best: solving real business problems with precision and speed," said Raj Vattikuti, Board Member and Founder of Altimetrik. "With SLK, we are expanding our ability to bring industry context, simplify complexity, and deliver AI-native transformation."
Ajay Kumar, CEO of SLK Software, added, "SLK's customer-first approach has led to building offerings powered by AI to deliver outstanding results for our clients. As a combined entity, SLK and Altimetrik are now set to unlock exceptional value and drive measurable impact at scale for our clients."

Avendus Capital acted as the exclusive financial advisor to SLK Software. EY acted as the exclusive financial advisor to Altimetrik and TPG Capital, which acquired a majority stake in Altimetrik in June last year.