Ascendion Advances Software Product Engineering and AI Capabilities with Acquisition of Nitor Infotech

News provided by

Aug 04, 2023, 09:33 ET

Ascendion, a U.S.-based software engineering company, announces the acquisition of Nitor Infotech, a software product engineering firm with generative AI expertise.

Nitor Infotech brings more than 700 employees to Ascendion with deep expertise in software product engineering and generative AI.

Ascendion intensifies focus on health-tech, retail-tech and supply chain-tech industries through Nitor Infotech's domain strengths .

Global service delivery strengthened with a new software product engineering hub in Pune, India.

Nitor Infotech will continue operations under its existing brand as an Ascendion company.

BASKING RIDGE, N.J., Aug. 4, 2023 /PRNewswire/ -- Ascendion, a leading provider of software engineering services, announces today the acquisition of Nitor Infotech, a software product engineering company that leverages disruptive technologies like generative AI to build new products for clients.

The acquisition is a step in Ascendion's growth strategy to enhance competencies, expand into new markets, and offer a broader range of services to clients. Nitor Infotech brings more than 700 employees to Ascendion, and its expertise in generative AI will help Ascendion deliver even more innovative and cutting-edge solutions to its clients. The acquisition also strengthens Ascendion's focus in health-tech, retail-tech, and supply chain-tech industries through Nitor's domain strengths and client relationships.

"Ascendion's acquisition of Nitor Infotech is our latest step as a leader in using the power of software to drive client productivity and growth," said Karthik (KK) Krishnamurthy, CEO of Ascendion. "Nitor Infotech is a natural fit with Ascendion because we are aligned around software engineering, real-world generative AI solutions, and digital innovation. Both companies have engineering in our DNA, a strong focus on innovation related to AI, and a relentless focus on client allyship. Coming together strengthens our engineering power, unlocks new markets and talent pools, and grows our capabilities in serving software product-focused companies."

Nitor Infotech is already helping around 60 clients innovate and grow revenue by creating and improving digital products with software engineering and technology advisory.

Nitor Infotech also brings a dedicated Technology Centre of Excellence for Generative Artificial Intelligence. The Centre helps explore and deploy deep learning models, prompt engineering, reinforcement learning, and probabilistic programming to help clients capture value from AI. Nitor Infotech has delivered AI and cloud engineering work to multiple clients in healthcare, retail, and other sectors.

"We are delighted to become an Ascendion company. Ascendion is a modern software engineering leader with a strong culture and values that align perfectly to what we've built in Nitor Infotech. Joining Ascendion will add to our capabilities to serve clients with an expanded value proposition. Together we have the opportunity to lead the product engineering world through the power of GenAI-enabled technology," said Sanjeev Fadnavis, CEO of Nitor Infotech.

About Ascendion

Ascendion is a leading provider of digital engineering services. Our applied AI, engineering, cloud, data, experience design, and talent transformation capabilities accelerate innovation for Global 2000 clients. Ascendion is headquartered in New Jersey. In addition to our remote/hybrid workforce, we have more than 20 offices across the US, India, and Mexico. We are committed to building technology fueled by Generative AI that elevates life with an inclusive workforce, service to our communities, and a vibrant culture. For more information, please go to https://ai.ascendion.com/ and https://ascendion.com/.

About Nitor Infotech

Nitor Infotech, an Ascendion company, is an ISV preferred software product development services company. They serve cutting edge GenAI powered services and solutions for the web, cloud, data, and devices. Nitor Infotech's consulting-driven value engineering approach makes it the right fit to be an agile and nimble partner to organizations on the path to digital transformation. Armed with a digitalization strategy, Nitor Infotech builds disruptive solutions for businesses through innovative, readily deployable, and customizable accelerators and frameworks. Their seasoned domain experts provide top-notch services ensuring advanced, rapid, highly efficient development for any product design, engineering, development, testing, or deployment initiatives. Visit www.nitorinfotech.com

SOURCE Ascendion