Algonomy, based in Bangalore and San Francisco, is acquiring local tech business Linear Squared

Algonomy, a global artificial intelligence (AI) and algorithmic decision-making software company, announced plans to buy Linear Squared (Pvt.) Ltd., a cloud-based technology company focusing on building demand planning and forecasting products in Sri Lanka. The deal is subject to shareholder and regulatory clearances.

This merger allows Algonomy and Linear Squared to combine their efforts in helping clients better understand their customers’ habits and patterns, resulting in improved sales and front-end marketing success.

“The intended acquisition would allow Algonomy to augment its product offering for consumer products and grocery retail industry segments by integrating Linear Squared’s best of breed demand planning and forecasting product technology into Algonomy’s retail merchandising and supply chain solutions portfolio. It would also allow Algonomy to meet its objective of quickly and efficiently scaling up its AI technology operations by setting up a highly-skilled AI & ML Engineering Centre of Excellence in Sri Lanka,”

Atul Jalan, Founder & CEO of Algonomy

In response to a question on what inspired Algonomy to buy Linear Squared’s firm, Jalan stated that the extraordinary skill and sophistication of Linear Squared’s goods were promising. As a result, he said, the present Linear Squared leadership team and the staff will continue to play more significant worldwide responsibilities.

Walmart Canada, Comcast, Honeywell, Carrefour, Love’s, Future Group, Flipkart, L’Oreal, Coop Danmark, United Supermarkets, Price Chopper, McDonald’s India, Pizza Hut, KFC Canada, Dominos India, Alshaya, and Robinsons are just a few of Algonomy’s current clients.

Previous News Post
Next News Post
Most Popular