Altimetrik, Pure-Play AI, Data and Digital Engineering Solutions Company, has announced the signing of a final agreement to acquire SLK Software (“SLK”), a global technology services company focused on providing AI, Intelligence Automation and Analytics Solutions. The acquisition further strengthens Altimetrik's end-to-end enablement services, expands customer reach and accelerating towards Altimetrik's goal of reaching $1 billion in annual revenue. The transaction is subject to customary closure conditions and is expected to close in the second half of 2025. Financial details have not been revealed.
Founded in 2000, SLK is recognized as a leader in the high-tech industry and for its commitment to creating innovative digital solutions. This strategic acquisition will significantly scale Altimetrik's capabilities, bringing Altimetrik's AI-First Platform-Native Engineering Model and SLK's full technology services stack, further promoting a journey to modernizing its enterprise platform for its customers.
Altimetrik is one of the most advanced digital service providers with advanced data and digital engineering capabilities. This is a bite-sized approach to creating exceptional track record of high ROI client results and data and AI LED deployments. Altimetrik also leverages SLK's deep customer relationships, global operational footprint and complementary leadership talent to provide customers with more innovation-driven value creation.
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“In today's world, AI, in particular generative AI and machine learning, are the engines driving true business value,” says Raj Sundaresan, CEO of Altimetrik. “To enable AI-first business, a robust data cloud infrastructure based on the rigour of product and platform engineering is important. SLK's investment reflects our intention to deepen our commitment to customers looking for digital, AI-driven solutions that we look forward to being extremely excited at unparalleled speed and scale.
“This is not a traditional integration, it's a strategic acceleration,” said Parth Amin, founder and chairman of SLK Software. “At Altimetrik, we have found a partner who shares the value of customer intimacy, people's centrality, and passion for innovation and agility.
Once the transaction is closed, the combined entities serve a global customer base of over 150 companies, including Fortune 500 companies and some of the most innovative technology companies. It also enables partnership networks that include pioneers who define the era, such as Openai, Amazon Web Services, Snowflake, and Databricks. Businesses employ more than 10,000 professionals around the world to support customers on their digital transformation journeys and seek innovative solutions that leverage data and AI to modernize legacy systems. This includes organizations from a wide range of industries, from financial services and payments to pharma and life sciences, technology and manufacturing.
“To bring Altimetrik and SLK together is a strategic leap for the industry,” said Puneet Bhatia, India's co-management partner and country head of TPG Capital Asia and board member of Altimetrik. “This combination creates an AI-first digital engineering platform with scale, leadership and execution muscles, with meaningful results across the industry. With TPG's track record and experience in supporting the enterprise technology business, we are proud to be able to support this next stage of growth and value creation.”
“The acquisition highlights TPG's investment paper in technology services, which are indexed to backing strategic technology providers who are leading the journey of data and AI transformation for their customers, with differentiated business, pricing and delivery models.
Emphasizing the breadth and depth of the combined business, Altimetrik executive and founder Raj Vattikuti said:
Ajay Kumar, CEO of SLK Software, added: “SLK's customer-first approach has led to the construction of the products that AI was delivered to deliver superior results for clients. The combination of SLK and Altimetrik is set to unleash extraordinary value and measurable impacts at the client's scale.”
Avendus Capital served as an exclusive financial advisor to SLK Software. EY served as exclusive financial advisor to Altimetrik and TPG.
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