VentureDive, a full-service technology provider, has agreed to acquire NexDegree, a premier data products & solutions company. With this strategic acquisition, the two companies will join forces to create comprehensive technology solutions that harness the power of data to accelerate growth.
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 per cent. Alongside this massive growth is a need for talented professionals who can analyse and draw inferences from the data. Data analysts and scientists are leading the way toward future innovation, mining information from vast data sets to unlock meaningful value.
“The future digital enterprise is being reimagined today with the use of Artificial Intelligence (AI), making massive amounts of data actionable. In this rapidly evolving space, constantly building new capabilities is key, and NexDegree will further enhance our AI and data science capabilities to strengthen value delivery to our global clients,” VentureDive CEO Atif Azim said.
“NexDegree’s experience in data-centric value delivery for enterprise and the use of cutting-edge technologies blends naturally with VentureDive’s strengths in building world-class scalable solutions,” NexDegree CEO Imran Moinuddin said. “We are confident that by bringing our skills and expertise together, we can help global enterprise customers leverage data to solve tomorrow’s most challenging problems.”
