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To assist clients in accelerating their digital transformation, VentureDive has acquired NexDegree, a leading AI and data analytics company

Today, major worldwide full-service technology supplier VentureDive announced that it had agreed to buy NexDegree, a leading provider of data products and solutions. The two businesses will work together to develop complete technology solutions that harness the power of data to boost growth as a result of this strategic purchase.

Industry publications predict that the global big data analytics market will expand at a CAGR of 13.4%, from $271.83 billion in 2022 to $655.53 billion in 2029. Talented people who can evaluate the data and make conclusions from it are needed to keep up with this enormous expansion. Data scientists and analysts are paving the road for future innovation by extracting information from enormous data volumes to create valuable insights.

“The digital enterprise of the future is being reimagined today with the use of Artificial Intelligence (A.I.) making massive amounts of data actionable. In this rapidly evolving space, constantly building new capabilities is key, and NexDegree will further enhance our A.I. and data science capabilities to strengthen value delivery to our global clients,” VentureDive CEO Atif Azim said.

“NexDegree’s experience in data-centric value delivery for enterprise and the use of cutting-edge technologies blends naturally with VentureDive’s strengths in building world-class scalable solutions,” NexDegree CEO Imran Moinuddin said. “We are confident that by bringing our skills and expertise together we can help global enterprise customers leverage data to solve the most challenging problems of tomorrow.”

The deal is expected to close within September 2022. Financial terms have not been disclosed.

About VentureDive

VentureDive is an award-winning digital development company that builds cutting-edge technology solutions to improve lives globally. Since its inception in 2012, the firm has enabled two tech unicorns and successfully driven digital transformation initiatives for large enterprises. Led by co-founders Atif Azim and Shehzaad Nakhoda, VentureDive has a presence in Silicon Valley, London, Dubai, and Pakistan. To learn more, visit https://www.venturedive.com.

About NexDegree

One of the top 10 data analytics firms in the APAC region, NexDegree was established in 2007 and is run by Imran Moinuddin and Saad Hashmi. For clients from the US, EU, APAC, MENA, and LATAM areas, the company has a long experience of successfully completing large, end-to-end complicated data-intensive projects across a range of industrial verticals.

Abdul Qadeer

My Name is Abdul Qadeer. And CEO Pakistanwap ( JamilBaba ) 😊

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