Global digital engineering and cloud transformation leader, Mastek Group, has announced the acquisition of BizAnalytica, a company specializes in end-to-end data cloud and modernization solutions. This pivotal move aims to strengthen Mastek’s presence in the rapidly evolving data cloud services and Generative AI domain.
Mastek Group Acquires BizAnalytica
Established in 2017, BizAnalytica is renowned for providing comprehensive data cloud solutions, which include architectural design, system integration, data migration, automation, and data management. By acquiring BizAnalytica, Mastek marks a milestone in reinforcing its presence in the realm of data cloud services, as well as Generative AI.
Reactions from Top Executives at Mastek and BizAnalytica
CEO of Mastek Group, Mr. Hiral Chandrana, emphasises that the key to making informed decisions is optimizing data assets throughout the value chain, with the increasing embrace of cloud solutions by organizations. He believes that BizAnalytica’s strong data cloud capabilities and its valuable partnerships, coupled with Mastek’s expertise will strategically simplify the cloud transformation journey for clients. Similarly, BizAnalytica’s cofounder, Lokesh Khosla, expressed confidence in Mastek’s partnership, claiming this development as a turning point for BizAnalytica and eagerly anticipating the collaboration in the transformation journey of their joint customers.
Implications of Acquisition for Data Cloud and Analytics
This strategic acquisition positions Mastek and BizAnalytica at the forefront of the shift towards enterprise-specific Generative AI models, as global organizations are transitioning their data workloads to the cloud. The partnership will particularly unlock Mastek’s potential in established domains like Healthcare & Retail, and expand into new sectors like Asset & Wealth Management as well.
In summary, the acquisition of BizAnalytica by Mastek Group underscores an important advancement in cloud transformation and digital advantage. With shared vision and values, this partnership promises extensive opportunities. It is a significant contribution to Mastek’s growth story and is set to deliver greater value to their esteemed clients.
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