Acquisition: SLK Software Gets Bought by Altimetrik
In a strategic move aimed at reshaping the AI, data, and digital engineering solutions industry, Altimetrik has announced the signing of a definitive agreement to acquire SLK Software. The deal, valued at approximately $600 million (Rs 5,100 crore), is expected to close in the second half of 2025, subject to customary closing conditions.
The acquisition of SLK Software, a global technology services firm recognised as a leader in the tech industry, is set to enhance Altimetrik's capabilities significantly. SLK Software's customer-first approach and focus on delivering AI, intelligence automation, and analytics solutions will complement Altimetrik's AI-first, platform-native engineering approach.
Upon closing, the combined entity will serve a global customer base of over 150 businesses, including Fortune 500 companies and innovative tech enterprises. The workforce will grow to over 10,000 employees globally, substantially enhancing delivery capacity.
Raj Vattikuti, Board Member and Founder of Altimetrik, stated that the combination of the two businesses aims to enhance their ability to solve real business problems with precision and speed. Ajay Kumar, CEO of SLK Software, mentioned that the combined entity will unlock exceptional value and drive measurable impact at scale for their clients.
The combined entity will also be working closely with major partners like OpenAI, Amazon Web Services, Snowflake, and Databricks, further strengthening its ecosystem and innovation capabilities. This partnership network includes era-defining pioneers, a testament to the combined entity's commitment to driving innovation in the industry.
The acquisition is expected to position Altimetrik on a clear path toward reaching $1 billion in annual revenue, reinforcing its status as a leading pure-play AI, data, and digital engineering solutions provider. This strategic move is anticipated to accelerate the modernization of enterprise platforms for customers globally, providing a more comprehensive end-to-end digital and AI engineering service offering.
In summary, this acquisition is expected to create an AI-first engineering powerhouse that will advance innovation-led value creation for customers, expand global market presence, and accelerate growth in a competitive digital engineering landscape. The combined entity is poised to deliver AI-driven business value at unprecedented speed and scale, pushing forward the industry's digital transformation.
Avendus Capital acted as the exclusive financial advisor to SLK Software in the acquisition, while EY acted as the exclusive financial advisor to Altimetrik and TPG. The transaction is subject to customary closing conditions and regulatory approvals.
- The acquisition of SLK Software, a global leader in technology services, will boost Altimetrik's capacity, blending SLK's customer-centric AI, intelligence automation, and analytics solutions with Altimetrik's AI-first, platform-native engineering approach.
- Upon completion, the merged entity will serve over 150 businesses globally, including Fortune 500 companies and innovative tech enterprises, with a workforce of over 10,000 employees.
- The combined entity plans to work closely with major partners like OpenAI, Amazon Web Services, Snowflake, and Databricks, further fortifying its ecosystem and innovation capabilities.
- The acquisition aims to propel Altimetrik towards hitting $1 billion in annual revenue, establishing its position as a front-runner in the AI, data, and digital engineering solutions industry, driving rapid digital transformation.
