Extra tags: Data ScienceAI
Newgen Software, a leading provider of a unified digital transformation platform, is happy to announce that it will acquire Number Theory,, an AI/ML (artificial intelligence and machine learning) data science platform firm based in India, subject to the approval of the Share Purchase Agreement.
Number Theory's AI Studio platform unifies the whole lifecycle of data engineering, from data preparation through model building and monitoring, bringing intuitive AI/ML to every enterprise. It allows both citizen and expert data scientists to work more quickly and efficiently, allowing them to complete crucial machine learning tasks in hours or days rather than months. With AI/ML modelling and data analytics capabilities, this acquisition will boost Newgen's low-code digital transformation platform, NewgenONE.
"Our customers are increasingly looking to leverage data for deeper insights and accelerated growth. Number Theory will bring domain expertise, along with a powerful engine to extract actionable insights in real time. AI/ML projects often get complex, expensive, and not rewarding. What we like about Number Theory's platform is that it is for every enterprise. It lets fusion teams build, deploy, and collaborate on the entire modeling lifecycle in low code and on cloud. We look forward to welcoming the Number Theory team to the Newgen family," said Virender Jeet, CEO, Newgen.
"Newgen has developed mission-critical and complex business applications for its customers across the globe, including for enterprises in the banking and insurance space. We felt that Newgen, with its strong customer portfolio and partner ecosystem, is the perfect growth partner. We are looking forward to helping our joint customers utilise their data in the enterprise with full potential using AI/ML technologies," said Rajan Nagina and Tarun Gulyani, co-founders of Number Theory.
