Altimetrik Acquires SLK Software to Expand AI and Digital Engineering Capabilities Globally

Altimetrik, a leading provider of AI, data, and digital engineering solutions, has signed a definitive agreement to acquire SLK Software, a global technology services firm known for its expertise in AI, intelligent automation, and analytics. The acquisition aims to fortify Altimetrik’s end-to-end services and expand its customer base, accelerating the company's goal of achieving $1 billion in annual revenue. The transaction, subject to customary closing conditions, is expected to finalize in the second half of 2025, though financial details have not been disclosed. Founded in 2000, SLK Software is recognized as an industry leader for its innovative digital solutions. By merging SLK’s comprehensive technology services stack with Altimetrik’s AI-first, platform-native engineering model, the combined entity will offer enhanced capabilities and innovation-driven value creation for its clients. This strategic move is designed to expedite the modernization of enterprise platforms for Altimetrik’s customers, enabling them to leverage advanced data and AI solutions more effectively. Raj Sundaresan, CEO of Altimetrik, emphasized the significance of robust data infrastructure in driving business value, particularly through AI and machine learning. "Our investment in SLK reflects our commitment to customers seeking digital, AI-driven solutions that enable rapid and scalable business value creation," he said. Sundaresan expressed excitement about the acquisition, noting the potential to welcome SLK Software into the Altimetrik family. Parth Amin, Founder & Chairman of SLK Software, described the deal as a "strategic acceleration" rather than a traditional integration. He highlighted the shared values of customer intimacy, people-centricity, and a passion for innovation. “Together, we will unlock greater capabilities for our clients while maintaining the speed and responsiveness they trust us for,” Amin said. The combined entity will serve a global customer base of over 150 businesses, including Fortune 500 companies and innovative tech enterprises. This merger will also strengthen partnerships with industry leaders such as OpenAI, Amazon Web Services, Snowflake, and Databricks. The expanded workforce, totaling over 10,000 professionals worldwide, will support customers in various sectors, from financial services and payments to pharma, life sciences, technology, and manufacturing. The focus will be on modernizing legacy systems, ensuring world-class governance, compliance, and platform security. Industry insiders view this acquisition as a significant move in the tech services sector. Puneet Bhatia, Co-Managing Partner and Country Head, India of TPG Capital Asia and Board Member at Altimetrik, sees the combination as a strategic leap that positions the new entity to deliver substantial outcomes across multiple industries. “With TPG’s support, Altimetrik and SLK are poised to lead the data and AI transformation journey for their customers,” he said. Vivek Mohan, Business Unit Partner at TPG Capital Asia and Board Member at Altimetrik, reinforced TPG’s investment thesis, which focuses on backing strategic technology providers that drive data and AI transformations with unique business models. “This acquisition aligns perfectly with our vision of fostering growth and value creation in the technology services space,” Mohan added. Raj Vattikuti, Board Member and Founder of Altimetrik, underscored the synergy between the two companies, noting the expanded ability to bring industry context, simplify complexity, and deliver AI-native transformations. “Bringing together Altimetrik and SLK allows us to scale our best practices and accelerate our impact.” Ajay Kumar, CEO of SLK Software, highlighted the customer-first approach of SLK, which has driven successful AI-powered initiatives. “As a combined entity, we are set to unlock exceptional value and drive measurable impact at scale for our clients,” he said. The advisory roles for the deal were filled by Avendus Capital, which acted as the exclusive financial advisor to SLK Software, and EY, which served as the exclusive financial advisor to Altimetrik and TPG. Company Profiles: Altimetrik is a pure-play AI, data, and digital business services company known for its product-oriented approach and agile engineering culture. With over 6,000 practitioners skilled in software, data, and cloud technologies, Altimetrik has been 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. SLK Software has a 25-year history of helping organizations in diverse industries reimagine their business through disruptive technologies and applied innovation. Certified as a Great Place To Work®, SLK encourages a culture of challenging the status quo to achieve peak business performance for both its customers and itself.