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Technology: Intricity acquisition deepens Ness’ data offerings and new revenue streams

Fiinews by Fiinews
May 10, 2024
in Technology
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Ness to build on Intricity’s alliances with Snowflake and Databricks

New York-headquartered Ness Digital Engineering https://www.ness.com/, a global full-lifecycle digital services transformation company with four offices in India, has acquired Intricity, a leading provider of data strategy, governance, modernization, and monetization solutions.

The acquisition of New York-based Intricity https://www.intricity.com/ deepens Ness’s data offerings, which global F1000 clients have utilized to create new revenue streams and improve operating efficiencies.

“Ness has always had a strong capability in data engineering, and the acquisition of Intricity brings the data strategy https://digitalinasia.com/ and advisory capability. Furthermore, Ness will build on Intricity’s strategic alliances with Snowflake and Databricks,” said Ranjit Tinaikar, CEO, Ness Digital Engineering.

“We are excited to welcome Intricity’s talented team to Ness, combining our strengths to deliver even greater value to our clients,” he said on 8 May 2024.

Intricity brings deep expertise https://www.bengalurutechsummit.com/ in handling complex data modernization and monetization problems that are the heart of any digital transformation today.

“Joining Ness, backed by KKR https://www.kkr.com/ , 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,” said Arkady Kleyner, Principal & Co-Founder, Intricity.

“Together, we are well-positioned to drive meaningful business outcomes and accelerate innovation for our clients.”

Commenting on the acquisition, Troy Clemente, Principal & Co-Founder, 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.”

Ness Digital Engineering, which funds managed by global investment firm KKR acquired in 2022, is a full-lifecycle digital engineering firm offering digital advisory through scaled engineering services with 11 innovation hubs in the US, Eastern Europe, and India (Pune, Bangalore, Mumbai and Hyderabad). Fiinews.com

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