To Assist Clients in Accelerating Their Digital Transformation, Venturedive Acquires Leading Ai & Data Analytics Company Nexdegree.

VentureDive, a major global full-service technology provider, revealed that it has agreed to acquire NexDegree, a leading provider of data products and solutions.

With this strategic acquisition, the two companies will collaborate to develop complete technology solutions that use data’s ability to accelerate growth.

According to industry publications, the worldwide big data analytics market is expected to increase at a CAGR of 13.4% from $271.83 billion in 2022 to $655.53 billion by 2029.

To Assist Clients in Accelerating Their Digital Transformation, Venturedive Acquires Leading Ai & Data Analytics Company Nexdegree.

Along with this huge expansion comes a demand for skilled individuals who can analyze data and draw conclusions from it. Data analysts and data scientists are paving the road for future innovation by extracting information from massive amounts of data to create real value.

The digital enterprise of the future is being reimagined today with the use of Artificial Intelligence (A.I.) making massive amounts of data actionable. In this rapidly evolving space, constantly building new capabilities is key, and NexDegree will further enhance our A.I. 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. We are confident that by bringing our skills and expertise together we can help global enterprise customers leverage data to solve the most challenging problems of tomorrow,” NexDegree CEO Imran Moinuddin said.

The acquisition is expected to finalize in September 2022. The financial terms have not been revealed.