Newgen Software, a leading provider of a unified digital transformation platform, announced that it is acquiring India-based Number Theory, an AI/ML (artificial intelligence and machine learning) data science platform company.
Number Theory's platform, AI Studio, brings intuitive AI/ML to every enterprise, while unifying the entire lifecycle of data engineering, from data preparation to model development and monitoring.
It empowers both citizen and expert data scientists to work faster and more efficiently, thereby helping in accomplishing key machine learning tasks in just hours or days, not months. This acquisition will further strengthen Newgen's low code digital transformation platform, NewgenONE, with AI/ML modeling and data analytics capabilities.
Virender Jeet, CEO, Newgen
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.
Rajan Nagina & Tarun Gulyani, co-founders of Number Theory
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.
