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. 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.
