Altimetrik, a leading AI, Data, and Digital engineering solutions company based in Bangalore, India, has recently announced the acquisition of SLK Software, a global technology services firm specializing in AI, intelligence automation, and analytics solutions. This strategic move aims to enhance Altimetrik’s capabilities and expand its customer base, with the goal of achieving $1 billion in annual revenue. The acquisition is expected to be finalized in the second half of 2025, pending customary closing conditions.
Established in 2000, SLK Software is renowned for its innovative digital solutions and commitment to excellence in the tech industry. By joining forces with Altimetrik, the company aims to leverage Altimetrik’s AI-first engineering model and SLK’s technology services stack to accelerate the modernization of enterprise platforms for their clients.
Altimetrik is known for its advanced data and digital engineering capabilities, delivering high ROI client outcomes through a bite-sized approach. The acquisition of SLK will further strengthen Altimetrik’s position in the market and enable the company to provide innovative, AI-driven solutions to its customers at a rapid pace.
Raj Sundaresan, CEO of Altimetrik, emphasized the importance of AI in driving business value and highlighted the significance of a robust data cloud infrastructure grounded in product and platform engineering rigor. The partnership with SLK reflects Altimetrik’s commitment to delivering digital solutions that create business value efficiently and effectively.
Parth Amin, Founder & Chairman of SLK Software, expressed his excitement about the partnership with Altimetrik, citing shared values of customer intimacy, innovation, and agility. Together, the two companies aim to unlock greater capabilities for their clients while maintaining the speed and responsiveness that they are known for.
Upon completion of the acquisition, the combined entity will serve a global customer base of over 150 businesses, including Fortune 500 companies and innovative tech enterprises. The partnership network will include industry pioneers such as OpenAI, Amazon Web Services, Snowflake, and Databricks, with a team of over 10,000 professionals worldwide to support customers in their digital transformation journey.
Puneet Bhatia, Co-Managing Partner and Country Head, India of TPG Capital Asia, expressed support for the strategic partnership between Altimetrik and SLK Software, highlighting the potential for meaningful outcomes across industries. Vivek Mohan, Business Unit Partner at TPG Capital Asia, emphasized TPG’s investment thesis in technology services and the importance of supporting technology providers leading the data and AI transformation journey for customers.
Raj Vattikuti, Board Member and Founder of Altimetrik, emphasized the combined business’s ability to solve real business problems with precision and speed. Ajay Kumar, CEO of SLK Software, highlighted the companies’ shared commitment to delivering outstanding results for clients through AI-powered offerings.
Avendus Capital served as the exclusive financial advisor to SLK Software, while EY advised Altimetrik and TPG on the transaction. The acquisition underscores Altimetrik’s position as a major player in the AI, Data, and Digital engineering space, poised to deliver cutting-edge digital transformation solutions to its clients.
For more information about Altimetrik and SLK Software, visit their respective websites at altimetrik.com and slksoftware.com. The original press release can be found at the following link: https://www.prnewswire.com/in/news-releases/altimetrik-and-slk-software-join-forces-to-create-an-ai-first-engineering-services-powerhouse-302493680.html.