Hansa Cequity, India’s leading and largest customer marketing company has announced a majority stake in D-Square Solutions Private Limited, a data sciences and analytics company based out of Bengaluru, India. The terms of the deal have not been disclosed.
In a statement, S Swaminathan, CEO and Co-Founder of Hansa Cequity said, “This acquisition would strengthen our data science expertise and help in building strong capabilities in building cutting-edge artificial intelligence and machine learning capabilities in addition to enhancing our analytics-driven marketing offerings.”
“Founded in 2009, Bengaluru based D-Square Solutions brings together business analytics products and consultancy solutions to help optimise time spent on informed decisions,” added Swaminathan.
“There has always been a growing appetite by decision makers for data science,” said Anand Srinivasan, founder and chief executive of D-Square Solutions. The company currently caters to clients in IT & networking, BFSI and other industries across markets. Srinivasan is a thought leader and leading solution specialist in data science. He is an alumnus of IIT, Chennai and has done his Masters in Operations Research from Purdue University. He has also published a book – Business Analytics, which is a definitive guide to many industry practitioners.
Ajay Kelkar, COO and Co-Founder of Hansa Cequity said, “The new acquisition would help leverage on data science in many of Hansa Cequity verticals while giving a lot of focus and cutting-edge capability to the products and platforms that we are developing.”
Hansa Cequity had raised around $5 million (Rs 30 crore) from private equity firm ASK Pravi in June last year. This is Hansa Cequity’s first acquisition in the India market where analytics start-ups are emerging with niche offerings. “D-Square will operate as a separate entity but will synergize its resources and offerings with Cequity,” informed Kelkar.