Mphasis Acquires UK-based Datalytyx for GBP 13.3 million
Mphasis said on Thursday that its wholly-owned subsidiary Mphasis Consulting Limited has acquired UK-based Datalytyx Limited for consideration up to GBP 13.3 million (Rs 130.4 crore).
Mphasis said on Thursday that its wholly-owned subsidiary Mphasis Consulting Limited has acquired UK-based Datalytyx Limited for consideration up to GBP 13.3 million (Rs 130.4 crore). The acquisition is expected to provide access to strengthen Mphasis next-generation Data GTM Strategy and provide higher value partnership status with Snowflake and Talend for cloud-based data services, a regulatory filing said.
The acquisition also provides access to highly skilled data professionals and sales professionals, thereby creating an offshore pool of Snowflake and Talend expertise, it added.
"Every enterprise needs the ability to turn raw data into actionable information at scale, the recent worldwide crisis has only accelerated this need. Data and analytics combined with artificial intelligence, will continue to play a dominant role to predict, prepare and respond to changing needs of the business," said Nitin Rakesh, CEO and Executive Director, Mphasis.
He added, "Together with Datalytyx and its highly skilled data professionals, we believe Mphasis is distinctively positioned to further fuel our worldwide clients' transformational projects. This acquisition will not only strengthen our next-gen data strategy but will also be a significant milestone in our journey to build capabilities relevant to the digital priorities of our clients."
"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," said John Webb, Co-Founder, Datalytyx.
Mphasis is an Information Technology (IT) solutions provider specialising in cloud and cognitive services. Datalytyx is a leading next-gen data engineering and consultancy company. Headquartered in London, United Kingdom, Datalytyx provides Next-gen Data Engineering, Data Ops and Master Data Management solutions on Snowflake and Talend environments to clients globally.
Since its inception, Datalytyx has been supporting modern data projects by providing a managed data platform for analytics and machine learning, using best-in-class data tools. The company integrates client environments with platforms from its partners – Talend and Snowflake, creating a single integrated platform for Data and AI. Through its best and brightest talent (including engineers, scientists, and analysts) and data expertise, Datalytyx, has been driving digital transformation for its clients