Posted by New Delhi: Genpact said that it has acquired Silicon Valley, US-based data engineering and analytics firm Enquero for an undisclosed sum.
This acquisition will help to Genpact expand Genpact’s ability to leverage data and cloud technologies to drive transformation services through advanced analytics.
However, Genpact has not shared any financial details and terms and conditions of this deal.
The buyout of Enquero comes in an era where businesses are becoming data-driven. But at the same time, they are struggling with exponentially increasing data volume, complexity and types of data.
With notable strengths in industries such as high tech and consumer goods, Enquero extends Genpact’s strong foundation of existing capabilities in delivering end-to-end transformation to enterprise clients.
These capabilities make the acquisition of Enquero especially timely as many businesses are looking to harness data, cloud technologies, and analytics to drive growth and be more resilient, agile, and connected.
“Today’s announcement increases the scale and depth of our data and analytics teams and further enhances our capabilities to accelerate the digital transformation journeys of our clients,” said ‘Tiger’ Tyagarajan, CEO – Genpact.
“I am excited that Arvinder Pal Singh and the very talented Enquero team are joining Genpact at a time when we are seeing strong demand from our clients for exactly these types of solutions to help them navigate and win in challenging markets,” added Tyagarajan.
“Enquero enables our clients’ strategies to succeed through orchestrating data, process, and technology in a connected digital ecosystem. We started Enquero in 2014 in Silicon Valley to help organisations better leverage data and cloud technologies,” said Arvinder Pal Singh, CEO – Enquero.
“Joining Genpact is the logical next step for us. Genpact’s domain, process and technology leadership, global footprint, scale, and extensive client base will help both Genpact and Enquero, as a combined force, scale our solutions to transform even more organisations,” added Singh.
Singh will continue to lead Enquero’s business. But will be rebranded Enquero, a Genpact company and its employees will join Genpact. True Blue Partners was the exclusive financial advisor to Enquero on this transaction.
Enquero has over 450 employees and has a presence in nine locations globally, including Bangalore.