Le Lézard
Classified in: Science and technology, Business
Subject: TNM

Newgen Software to acquire Number Theory, an AI/ML data science platform company


- With this acquisition, Newgen well-poised to deliver low code, cloud-native AI/ML capabilities to every enterprise

SYDNEY, Jan. 20, 2022 /PRNewswire/ -- Newgen Software, a leading provider of a unified digital transformation platform, is pleased to announce that it is acquiring India-based Number Theory, an AI/ML (artificial intelligence and machine learning) data science platform company, subject to the completion of conditions as stated in the approved Share Purchase Agreement.

Newgen Logo

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.

"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 utilize their data in the enterprise with full potential using AI/ML technologies," said Rajan Nagina and Tarun Gulyani, co-founders of Number Theory.

About Newgen Software Technologies Limited

Newgen is the leading provider of a unified digital transformation platform with native process automation, content services, and communication management capabilities. Globally, successful enterprises rely on Newgen's industry-recognized low code application platform to develop and deploy complex, content-driven, and customer-engaging business applications on the cloud. From onboarding to service requests, lending to underwriting, and for many more use cases across industries. Newgen unlocks simple with speed and agility.

Media Contact;
[email protected]  


These press releases may also interest you

at 07:35
ParTech, Inc. (PAR), a global restaurant technology company and provider of a unified commerce cloud platforms for enterprise restaurants, today announced that Snooze an A.M. Eatery has selected its leading Punchh, PAR's leading customer loyalty and...

at 07:35
Navidea Biopharmaceuticals, Inc. ("Navidea" or the "Company"), a company focused on the development of precision immunodiagnostic agents and immunotherapeutics, today announced acceptance of its abstract titled, "CD206 Targeted Delivery of...

at 07:35
Computer Services, Inc. (CSI) , a provider of end-to-end fintech and regtech solutions, signed 22 new community banks to its NuPoint® core platform during the past fiscal year, which ended Feb. 28, 2022. While each bank's decision was based on their...

at 07:30
Fennec Pharmaceuticals Inc. , a specialty pharmaceutical company focused on the development of PEDMARKTM (a unique formulation of sodium thiosulfate) for the prevention of platinum-induced ototoxicity in pediatric patients, today announced that the...

at 07:30
Mind Medicine (MindMed) Inc. , (NEO: MMED) (the "Company" or "MindMed"), a clinical stage biopharmaceutical company developing novel products to treat brain health disorders, announced the appointment of Schond L. Greenway as Chief Financial Officer....

at 07:30
The Targeting Pods Market size is expected to reach USD 6026.4 million by 2027, registering to accelerate at a 6.5% CAGR, according to the most recent study by Brandessence Market Research & Consulting Pvt ltd. The Global Targeting Pods Market size...



News published on 19 january 2022 at 19:30 and distributed by: