Acuity Knowledge Partners has agreed to acquire a provider of AI-powered digital transformation services based in Bristol and Munich, with transactions that close at the end of the month.
Founded 20 years ago and now working with over 170 companies in Europe and North America, Ascent aims to build a Global Technology Services business unit.
We currently have over 550 experts in our data, software and cloud.
The acquisition will strengthen Acuity's data and technology services division, opening new markets in reinsurance, pharmaceutical, manufacturing and retail while expanding AI and technology-driven solutions.
London FinTech aims to provide research, data, analytics and AI-driven services to the financial sector.
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“Our upward acquisition is a transformational moment,” said Robert King, CEO of Acuity.
“Acuity has invested and built a rapidly growing practice of providing data management and technology LED services and solutions. By acquiring the rise, we employ the expertise and ability to provide our customers with innovative, AI-driven solutions to another level.
“We are turbo-charged ways we can help our clients with vision and elevation with digital conversion and AI adoption, and this acquisition will also become a new sector in reinsurance, pharmaceutical, manufacturing and retail.
“With this acquisition, our vision can reach from new markets and then into new markets. We are truly excited about the outlook we can achieve together. And we are a warm welcome to our rising staff in the Acuity family.”
Ascent CEO Stewart Smythe added:
“The strategic objective of building a Global Technology Services Business Unit to complement Acuity's capabilities and build a broader relationship with existing clients was the opportunity my team was looking for, and I am excited to work with the entire Robert King, John O'Donnell and the Akeiti team.”
Regarding transactions by DC Advisory, Canaccord Genuity advised Ascent to help his eyesight.
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