Schedule a Call Back
LatentView Analytics acquires 70% stake in Decision Point for $39.1 million
Industry News- Jul 05,24
Established in 2012, Decision Point has more than a decade of experience in developing AI-powered solutions and employs over 300 people worldwide.
LatentView Analytics, a Chennai-based digital analytics consulting and solutions company, has acquired 70% of the outstanding equity capital in Decision Point, a global leader in AI business transformation, for $39.1 million. The company plans to acquire the remaining 30% equity in Decision Point over the next two years, based on agreed valuation principles.
"We are excited to complete the acquisition of Decision Point Analytics as per the terms agreed earlier this year,” said Rajan Sethuraman, CEO, LatentView, in a statement. “Decision Point’s strengths open new doors for LatentView. Over the past few months, we have had several engaging joint selling opportunities with Decision Point and are fully energised to drive synergistic growth.”
Ravi Shankar, Founder & CEO, Decision Point, added, "We are thrilled to become part of the LatentView family. We look forward to the next phase of our journey, unlocking synergies as we take our RGM and GenAI solutions to enterprise clients across North America and Europe, powered by LatentView’s Go-To-Market strategy."
Established in 2012, Decision Point has more than a decade of experience in developing AI-powered solutions and employs over 300 people worldwide. The company is recognised for its expertise in demand forecasting, pricing analytics, promotion analytics, retail segmentation, and marketing mix models, particularly in the CPG vertical. Among its key solutions is BeagleGPT, a conversational GenAI app for Microsoft Teams used by Fortune 500 consumer packaged goods (CPG) customers to enhance data analytics adoption.
Rajan Venkatesan, CFO, LatentView Analytics, commented, "With the closing of this acquisition, we have fully utilised all the funds raised during the IPO. The acquisition underscores our commitment to CPG as a focus vertical. We are already seeing significant revenue and cost synergy opportunities and remain committed to investing in the growth of this vertical.”
(Source: Business Standard)
Related Stories
Process Equipment
Birla Opus Paints inaugurates fourth plant; Targets Rs 100 billion in revenue
The Chamarajnagar plant will produce a range of products, including water-based paints, enamel paints, and wood finishes, catering specifically to the growing demand in southern India.
Read moreChemicals, Lubricants & Raw Material
Role of sustainable practices in manufacturing: Hitendra Bhargava
As the push for renewable energy and resource preservation deepens, sustainable practices in manufacturing arise as a leading light in nurturing a healthier planet.
Read morePolicy Regulation
Bureau of Indian Standards: A key compliance in the Indian market
As global trade evolves, imports have become essential in meeting the complex needs of diverse markets.
Read moreRelated Products
Automation Studio Copilot
INDUSTRIAL AUTOMATION & TECHNOLOGY CONSULTANCY
B&R Industrial Automation offers a wide range of automation studio copilot.
Industrial Desalination System
INDUSTRIAL AUTOMATION & TECHNOLOGY CONSULTANCY
Shakunth Aqua Products offers a wide range of industrial desalination system. Read more
Industrial Castors & Wheels
INDUSTRIAL AUTOMATION & TECHNOLOGY CONSULTANCY
H M Gulamali offers a wide range of castors and wheels manufactured by Blickle, Germany. Read more
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
