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Genpact Acquires XponentL Data to Strengthen AI and Data Capabilities | AIM
The deal will bring XponentL's expertise in data strategy, design, and engineering into Genpact's portfolio. Genpact has acquired XponentL Data, a provider of data products and AI solutions, to bolster its AI and data strategy capabilities. The acquisition supports Genpact's ongoing shift towards AI-first services, reinforcing its offerings across strategy, implementation, and industry-specific applications. The deal, which closed on June 5, will bring XponentL's expertise in data strategy, design, and engineering into Genpact's portfolio. XponentL will also add partnerships with leading platforms, including Databricks, Amazon Web Services, and Microsoft. "We believe the future belongs to companies that deploy AI at speed and scale -- on a bedrock of data expertise," Balkrishan 'BK' Kalra, president and CEO of Genpact, said. "XponentL's robust intellectual property will further strengthen how Genpact can help clients harness the full value of their data." XponentL aims to bring capabilities across life sciences, healthcare, and enterprise AI strategy. Genpact said the combination will fuel its service-as-a-service (SaaS) and AI Gigafactory initiatives, helping clients scale their AI transformations with operational efficiency. "Genpact and XponentL share a vision to unlock the power of data for our clients -- this opportunity allows us to take it to the next level," said Tom Johnstone, founder of XponentL, who will continue to lead the business. Meanwhile, Michael Hartman, senior vice president at Databricks, called the acquisition a "unique combination of innovation and scale", noting XponentL's experience applying intelligent agents and modern architectures on the Databricks platform. While all XponentL employees will join Genpact, the financial terms of the deal were not disclosed.
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Genpact acquires XponentL Data to drive AI-led innovation
Genpact has acquired XponentL Data, a provider of data products and AI solutions, to bolster its capabilities in data strategy, design, and engineering. This acquisition enhances Genpact's ability to assist clients with AI transformation across its lifecycle. XponentL brings industry-specific solutions and expertise in platforms like AWS and Microsoft, accelerating business value for Genpact's clients. Technology services firm Genpact on Friday announced acquisition of data products and artificial intelligence (AI) solutions provider, XponentL Data. According to a release, XponentL brings differentiated domain-led data strategy, design, and engineering capabilities, industry experience, and strategic partnerships. The deal size was not disclosed by the company. "This acquisition builds on Genpact's pivot to data, AI, and other advanced technologies, further enhancing Genpact's ability to help clients across the lifecycle of AI transformation, from strategy through implementation," the release said. XponentL also adds robust training and capabilities across numerous leading data platforms, including Amazon Web Services (AWS) and Microsoft. The company brings industry and process specific solutions that accelerate time to business value, the release further said. "We believe the future belongs to companies that deploy AI at speed and scale on a bedrock of data expertise," Balkrishan Kalra, President and Chief Executive Officer of Genpact said. Genpact and XponentL share vision to unlock the power of data for clients, Tom Johnstone, CEO, XponentL Data said adding "this opportunity allows us to take it to the next level".
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Genpact Acquires XponentL Data to Boost AI-Led Innovation and Data Solutions
The combination further positions Genpact to help clients with data and AI transformation, creating a foundational intelligence capability to drive operational efficiency and business growth in the agentic AI era. Genpact announced it has acquired XponentL Data, a data products and artificial intelligence (AI) solutions provider. XponentL brings differentiated domain-led data strategy, design, and engineering capabilities; deep industry experience; and strategic partnerships. This acquisition builds on Genpact's pivot to data, AI, and other advanced technologies, further enhancing Genpact's ability to help clients across the lifecycle of AI transformation, from strategy through implementation.
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Genpact has acquired XponentL Data, a provider of data products and AI solutions, to enhance its AI and data strategy capabilities. The acquisition aims to strengthen Genpact's offerings in AI-first services and data expertise.
Genpact, a global professional services firm, has announced the acquisition of XponentL Data, a provider of data products and AI solutions. The deal, which closed on June 5, marks a significant step in Genpact's ongoing shift towards AI-first services and data-driven solutions 1.
Source: Economic Times
The acquisition brings XponentL's expertise in data strategy, design, and engineering into Genpact's portfolio. This move is expected to bolster Genpact's capabilities across the lifecycle of AI transformation, from strategy through implementation 2.
Balkrishan 'BK' Kalra, President and CEO of Genpact, emphasized the importance of this acquisition, stating, "We believe the future belongs to companies that deploy AI at speed and scale -- on a bedrock of data expertise" 1.
XponentL brings to the table strategic partnerships with leading platforms, including Databricks, Amazon Web Services (AWS), and Microsoft. These partnerships are expected to accelerate business value for Genpact's clients 2.
Moreover, XponentL aims to bring capabilities across life sciences, healthcare, and enterprise AI strategy. The company's industry and process-specific solutions are designed to accelerate time to business value 3.
Source: Analytics India Magazine
Genpact stated that the combination will fuel its Service-as-a-Service (SaaS) and AI Gigafactory initiatives. These initiatives are aimed at helping clients scale their AI transformations with operational efficiency 1.
Michael Hartman, Senior Vice President at Databricks, described the acquisition as a "unique combination of innovation and scale," noting XponentL's experience in applying intelligent agents and modern architectures on the Databricks platform 1.
Tom Johnstone, founder of XponentL, will continue to lead the business. He expressed enthusiasm about the acquisition, stating, "Genpact and XponentL share a vision to unlock the power of data for our clients -- this opportunity allows us to take it to the next level" 1.
All XponentL employees will join Genpact, ensuring a smooth integration of expertise and capabilities. However, the financial terms of the deal were not disclosed 1.
This acquisition builds on Genpact's pivot to data, AI, and other advanced technologies. It is expected to create a foundational intelligence capability to drive operational efficiency and business growth in the agentic AI era 3.
The combination of Genpact's scale and XponentL's innovative solutions is poised to offer clients enhanced capabilities in data and AI transformation, potentially reshaping the landscape of AI-driven business solutions.
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Analytics India Magazine
|Genpact Acquires XponentL Data to Strengthen AI and Data Capabilities | AIM[2]
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