Wednesday, May 22, 2024
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VentureDive acquires Nexdegree

VentureDive, a leading global full-service technology provider, has announced its strategic acquisition of NexDegree, a premier data products & solutions company. This acquisition expands VentureDive’s service portfolio and bolsters its capabilities in artificial intelligence (A.I.) and data science. With this acquisition, the two companies are poised to create comprehensive technology solutions that harness the power of data to accelerate growth for their global clients.

According to industry publications, the global big data analytics market is projected to grow from $271.83 billion in 2022 to $655.53 billion by 2029, at a CAGR of 13.4%. As this market continues to grow, the need for talented professionals who can analyze data and draw inferences from it will also increase. The collaboration between VentureDive and NexDegree brings together the skills and expertise necessary to deliver data-centric value to their clients.

VentureDive’s CEO, Atif Azim, explains that the digital enterprise of the future is being reimagined today with the use of A.I. to make massive amounts of data actionable. The addition of NexDegree’s experience in data-centric value delivery for enterprise and cutting-edge technologies will further enhance VentureDive’s A.I. and data science capabilities to strengthen value delivery to its global clients.

NexDegree’s CEO, Imran Moinuddin, adds that their experience in data-centric value delivery for enterprise and use of cutting-edge technologies blends naturally with VentureDive’s strengths in building world-class scalable solutions. Together, they can help global enterprise customers leverage data to solve the most challenging problems of tomorrow.

VentureDive, founded in 2012, has already enabled two tech unicorns and driven digital transformation initiatives for large enterprises. Led by co-founders Atif Azim and Shehzaad Nakhoda, the company has a presence in Silicon Valley, London, Dubai, and Pakistan.

NexDegree, founded in 2007, is one of the top 10 premier data analytics companies in the APAC region. Led by Imran Moinuddin and Saad Hashmi, the company has a rich history of successfully delivering large, end-to-end complex data-intensive projects for clients from various regions across a variety of industry verticals.

This acquisition is expected to close within September 2022. The financial terms of the deal have not been disclosed.



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