Latest news with #RajSundaresan
Yahoo
10-07-2025
- Business
- Yahoo
Altimetrik Names Sreenivas V as its Chief Financial Officer to Lead the Accelerated Global Growth Through AI-First Transformation
Seasoned executive brings two decades of global technology leadership to propel Altimetrik to $1B revenue trajectory and solidify as an AI-native, digital engineering powerhouse DETROIT, July 10, 2025--(BUSINESS WIRE)--Altimetrik, a pure-play AI-First, data and digital engineering solutions company, has appointed Sreenivas V as its new Chief Financial Officer (CFO). Reporting directly to CEO Raj Sundaresan, Sreenivas will strategically transform and spearhead the company's global finance function as Altimetrik accelerates into its next growth phase, fuelled by AI innovation. Embracing an AI-First approach across its internal operations and client engagements, Altimetrik has embarked on a series of transformative initiatives aimed at unlocking the full potential of AI to deliver business value. As part of its strategic expansion, the company recently announced the signing of a definitive agreement to acquire SLK Software, strengthening its end-to-end enablement services, expanding its customer reach and global delivery capabilities. Reinforcing its long-term vision, Altimetrik remains committed to pioneering industry-leading AI-led initiatives that accelerate enterprise AI adoption and deliver measurable, high-impact outcomes at scale. "Sreenivas joins us at a time when we are redefining the future of digital engineering," said Raj Sundaresan, CEO, Altimetrik. "As we expand our AI-First execution across clients, and commercialize our innovations through our AI lab, his strategic financial acumen and proven ability to architect financial frameworks that enable aggressive scaling while maintaining the operational discipline makes him the ideal leader to deliver remarkable outcomes to all stakeholders." Sreenivas brings over two decades of distinguished leadership experience across 30+ countries in the Technology industry, with a strong track record across Corporate Strategy, Finance & Accounts, M&A, Investor Relations, Business Operations and Enterprise Transformation. He has successfully orchestrated complex IT outsourcing and application engineering deals totalling over $600 million in total contract value. His impressive track record includes key contributions to landmark industry milestones such as India's largest private-sector IPO at TCS, the largest private equity investment in Indian IT services at Hexaware, and expertise in scaling enterprises, restructuring balance sheets and unlocking substantial value through business transformation at Plintron and Collabera Digital. An alumnus of IIT Madras and IIM Calcutta, Sreenivas holds advanced certifications in Finance, Treasury Management, and Investment Management. "The intersection of AI and strategic finance represents the next frontier in value creation and I'm committed to positioning Altimetrik at the forefront in this evolving landscape," said Sreenivas V, CFO, Altimetrik. "As we scale our AI-First delivery and integrate AI-led innovation into the market, Finance will be a key enabler of sustainable value creation. Having successfully navigated global expansion amid diverse economic environments, I'm energized by the opportunity to earn and uphold the trust of our clients, partners, employees, and shareholders." This leadership appointment reinforces Altimetrik's commitment to world-class leadership, following recent appointments of Chief Operating Officer Rajeev Jain and Chief Marketing Officer Gurvinder Sahni, the enhanced C-suite positions Altimetrik to capitalize on unprecedented demand for AI-driven digital transformation solutions. These leadership appointments come at a pivotal moment as enterprises worldwide seek trusted partners to operationalize AI at scale, with Altimetrik uniquely positioned to deliver incredible business outcomes anchored in AI-led agility, a product-centric engineering model, and data-driven decision-making through its proven Digital Business Methodology and industry-leading AI-First approach. About Altimetrik Altimetrik is a pure-play AI-First, Data, and Digital business services company. We focus on delivering business outcomes with an incremental, product-oriented approach. Our industry-first, proven digital business methodology provides a blueprint to develop, scale, and launch new products to market faster. Our team of 6,000+ practitioners with software, data, and cloud skills builds an agile engineering culture of collaboration and innovation that modernizes technology and builds new business models in bite-sized increments. As a strategic partner and catalyst, Altimetrik quickly delivers results without disruption. Recognized as a Major Contender in Everest Group's BFSI IT Services Specialists PEAK Matrix® Assessment 2025 and a Product Challenger in ISG Provider Lens™ 2024 for Advanced Analytics and AI Services, Altimetrik continues to lead the way in delivering cutting-edge digital transformation. Learn more at View source version on Contacts Gurvinder Singh SahniAltimetrikGSahni@ Matt McLoughlinGregory FCA on behalf of Altimetrikaltimetrik@ +1 610-228-2123 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-06-2025
- Business
- Yahoo
Altimetrik to acquire SLK Software
Digital business company Altimetrik has signed a definitive agreement to acquire technology services firm SLK Software. With the acquisition, Altimetrik will seek to improve its end-to-end enablement services and broaden its customer base, aligning with its goal of reaching $1bn in annual revenue. The financial details of the deal were not divulged. However, The Economic Times reported that the transaction is valued at around $600m. Founded in 2000, SLK Software focuses on delivering AI, intelligence automation and analytics solutions. The acquisition is expected to bolster Altimetrik's capabilities by integrating its AI-first, platform-native engineering model with SLK's technology services stack. Altimetrik CEO Raj Sundaresan said: 'To enable an AI-First business a robust data cloud infrastructure that is grounded in product and platform engineering rigor is crucial. 'Our investment in SLK reflects our intention to deepen our commitment to customers who are looking for digital, AI-driven solutions that enable business value creation at unparalleled speed and scale.' The transaction is expected to close in the second half of this year, subject to customary closing conditions. Upon completion, the combined entity will serve more than 150 global businesses, including Fortune 500 companies. The partnership will encompass a network with industry pioneers such as OpenAI, Amazon Web Services, Snowflake, and Databricks. The combined firm will have a headcount of more than 10,000 professionals worldwide. SLK Software founder and chairman Parth Amin said: 'This is not a traditional integration. It is a strategic acceleration. 'In Altimetrik, we've found a partner who shares our values of customer intimacy, people centricity, and a passion for innovation and agility. Together we will unlock greater capabilities for our clients while preserving the speed and responsiveness they trust us for.' Avendus Capital served as the exclusive financial advisor to SLK Software, while EY advised Altimetrik and its majority owner TPG. "Altimetrik to acquire SLK Software" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.


Time of India
29-06-2025
- Business
- Time of India
Altimetrik acquires SLK Software
Bengaluru: Digital engineering solutions company Altimetrik is acquiring Bengaluru-based SLK Software to accelerate its goal of reaching $1 billion in annual revenue. The transaction remains subject to customary closing conditions and is expected to close in the second half of this year. Tired of too many ads? go ad free now Financial details were not disclosed. Founded in 2000, SLK Software is a technology services provider focused on bringing AI, intelligent automation, and analytics together to create tech solutions for customers. This strategic acquisition will enhance the scale of Altimetrik's capabilities, bringing together its AI-first, platform-native engineering model and SLK's full technology services stack. This will further accelerate the journey towards modernising enterprise platforms for its customers. Raj Sundaresan, CEO of Altimetrik, stated, "Our investment in SLK reflects our intention to deepen our commitment to customers who are looking for digital, AI-driven solutions that enable business value creation at unparalleled speed and scale." "This is not a traditional integration. It is a strategic acceleration," said Parth Amin, founder and chairman of SLK Software. "In Altimetrik, we've found a partner who shares our values of customer intimacy, people centricity, and a passion for innovation and agility. " Upon the closing of the transaction, the combined entity will serve a global customer base of over 150 businesses, including Fortune 500 companies. Together, the business will employ over 10,000 professionals globally to support customers.
&w=3840&q=100)

Business Standard
28-06-2025
- Business
- Business Standard
TPG-backed Altimetrik buys SLK Software to expand services, boost revenue
Altimetrik, a digital engineering and AI solutions firm backed by TPG, has acquired Bengaluru-based SLK Software in a strategic deal to expand its service offerings and advance towards its goal of $1 billion in annual revenue. The transaction amount was not disclosed. The acquisition will allow Altimetrik to tap into SLK's strong customer relationships, global operations, and complementary leadership team to enhance its innovation-led value delivery. Deal to support platform modernisation with AI-first strategy Altimetrik said its AI-first, platform-native engineering model will be significantly enhanced by SLK's end-to-end technology services stack, accelerating enterprise platform modernisation for its customers. 'Our investment in SLK reflects our intention to deepen our commitment to customers who are looking for digital, AI-driven solutions that enable business value creation at unparalleled speed and scale,' said Raj Sundaresan, chief executive officer of Altimetrik. Combined customer base, workforce to expand significantly The merged entity will serve over 150 clients, including several Fortune 500 companies, and will build on a partnership network that includes OpenAI, Amazon Web Services, Snowflake, and Databricks. Altogether, the two companies will employ more than 10,000 professionals globally to support enterprises on their digital transformation journeys—helping modernise legacy systems through AI and data, while upholding high standards of compliance, governance, and platform security. 'This is not a traditional integration. It is a strategic acceleration,' said Parth Amin, founder and chairman of SLK Software. 'In Altimetrik, we've found a partner who shares our values of customer intimacy, people centricity, and a passion for innovation and agility.' TPG sees scale and synergy in the merger Altimetrik operates across BFSI, manufacturing, life sciences, retail and CPG, and automotive industries, while SLK's focus has been on BFSI and manufacturing. Altimetrik has offices in Bengaluru, Pune, Chennai, Hyderabad, Gurgaon, and Jaipur. The company recently appointed Rajeev Jain—formerly executive vice president at LTIMindtree—as chief operating officer. 'This combination creates an AI-first digital engineering platform with the scale, leadership, and execution muscle to deliver meaningful outcomes across industries,' said Puneet Bhatia, co-managing partner and country head (India), TPG Capital Asia, and a member of Altimetrik's board.


Business Standard
28-06-2025
- Business
- Business Standard
Altimetrik and SLK Software join forces to create an AI-First Engineering Services Powerhouse
PRNewswire Bangalore (Karnataka) [India], June 28: Altimetrik, a pure-play AI, Data and Digital engineering solutions company, today announced the signing of a definitive agreement to acquire SLK Software ("SLK"), a global technology services firm focused on delivering AI, intelligence automation and analytics solutions. The acquisition will further strengthen Altimetrik's end-to-end enablement services and expand its customer reach, with a clear path to accelerate towards Altimetrik's goal of reaching $1billion in annual revenue. The transaction remains subject to customary closing conditions and is expected to close in the second half of 2025. Financial details were not disclosed. Founded in 2000, SLK is recognized as a leader in the tech industry, and for its commitment to create innovative digital solutions. This strategic acquisition will significantly enhance the scale of Altimetrik's capabilities, bringing together Altimetrik's AI-first, platform-native engineering model and SLK's full technology services stack that will further accelerate the journey towards modernizing enterprise platforms for its customers. Altimetrik is among the most evolved digital services providers with advanced data and digital engineering capabilities, a bite sized approach that creates high ROI client outcomes and exceptional track record of data and AI led deployments. Altimetrik will additionally leverage SLK's deep customer relationships, global operational footprint and complementary leadership talent to further deliver innovation-led value creation for customers. "In today's world, AI, and especially Generative AI and Machine Learning, is the engine that is driving true business value," said Raj Sundaresan, CEO of Altimetrik. "To enable an AI-First business a robust data cloud infrastructure that is grounded in product and platform engineering rigor is crucial. Our investment in SLK reflects our intention to deepen our commitment to customers who are looking for digital, AI-driven solutions that enable business value creation at unparalleled speed and scale. We are incredibly excited and look forward to welcoming SLK Software to the Altimetrik family." "This is not a traditional integration. It is a strategic acceleration," said Parth Amin, Founder & Chairman of SLK Software. "In Altimetrik, we've found a partner who shares our values of customer intimacy, people centricity, and a passion for innovation and agility. Together we will unlock greater capabilities for our clients while preserving the speed and responsiveness they trust us for." Upon the closing of the transaction, the combined entity will serve a global customer base of over 150 businesses that include Fortune 500 companies and some of the most innovative tech enterprises. It will also enable a partnership network that includes era-defining pioneers such as OpenAI, Amazon Web Services, Snowflake, and Databricks. Together, the business will employ over 10,000 professionals around the world to support customers who are in their digital transformation journey and are looking for innovative solutions to modernize legacy systems through leveraging data and AI, while ensuring world-class governance, compliance, and platform security. This includes organizations across diverse industries, from Financial Services & Payments to Pharma and Lifesciences, to Technology and Manufacturing. "Altimetrik and SLK coming together is a strategic leap for the industry," said Puneet Bhatia, Co-Managing Partner and Country Head, India of TPG Capital Asia and Board Member at Altimetrik. "This combination creates an AI-first digital engineering platform with the scale, leadership, and execution muscle to deliver meaningful outcomes across industries. With TPG's track record and experience in supporting enterprise tech businesses, we are proud to be able to support this next phase of growth and value creation." "This acquisition underscores TPG's investment thesis in technology services, which is indexed on backing strategic technology providers that are leading the data and AI transformation journey for customers, with differentiated business, pricing and delivery models," said Vivek Mohan, Business Unit Partner at TPG Capital Asia and Board Member at Altimetrik. Highlighting the breadth and depth of the combined business, Raj Vattikuti, Board Member and Founder of Altimetrik said, "Beyond combining capabilities, bringing together the two businesses is about scaling what we do best: solving real business problems with precision and speed. With SLK, we are expanding our ability to bring industry context, simplify complexity, and deliver AI-native transformation." Ajay Kumar, CEO of SLK Software added, "SLK's customer-first approach has led to building offerings powered by AI to deliver outstanding results for our clients. As a combined entity, SLK and Altimetrik are now set to unlock exceptional value and drive measurable impact at scale for our clients." Avendus Capital acted as the exclusive financial advisor to SLK Software. EY acted as the exclusive financial advisor to Altimetrik and TPG. About Altimetrik Altimetrik is a pure-play AI, Data, and Digital business services company. We focus on delivering business outcomes with an incremental, product-oriented approach. Our industry-first, proven digital business methodology provides a blueprint to develop, scale, and launch new products to market faster. Our team of 6,000+ practitioners with software, data, and cloud skills builds an agile engineering culture of collaboration and innovation that modernizes technology and builds new business models in bite-sized increments. As a strategic partner and catalyst, Altimetrik quickly delivers results without disruption. Recognized as a Major Contender in Everest Group's BFSI IT Services Specialists PEAK Matrix® Assessment 2025 and a Product Challenger in ISG Provider Lens™ 2024 for Advanced Analytics and AI Services, Altimetrik continues to lead the way in delivering cutting-edge digital transformation. Learn more at About SLK Software SLK Software is a global technology services provider focused on bringing AI, intelligent automation, and analytics together to create leading-edge technology solutions for our customers through a culture of partnership with them, led by an evolutionary mindset. For 25 years, we have helped organizations across diverse industries -- insurance providers, financial service organizations, investment management companies, and manufacturers -- reimagine their business and solve their present and future needs. Certified as a Great Place To Work®, we encourage an approach of constructively challenging the status quo in all that we do to enable peak business performance for our customers and for ourselves, through disruptive technologies, applied innovation, and purposeful automation. Find out how we help leading organizations reimagine their business at