Digital assurance and quality engineering services company Cigniti Technologies is acquiring AI/ML, data engineering, analytics and Blockchain services firm Aparaa Digital for $4.8 million.
Acquisition of Aparaa Digital, which operates under the brand name RoundSqr, is in line with "our strategy to expand digital engineering capacity to provide a greater breadth and depth of services. This is a strategic and complimentary capability led acquisition for us,” CEO Srikanth Chakkilam said.
The digital engineering market is valued around $300 billion annually and offers an explosive headroom of growth for companies that have strong capabilities in Data and Analytics, AI and ML and Cloud engineering. Global 2000, platform and digital native companies are looking to partner with service providers who can help them with these capabilities, he said.
