Research and analytics firm Evalueserve.com Pvt Ltd has acquired Germany-based business intelligence provider Beyond Data GmbH, for an undisclosed amount, the company said in a release.
The acquisition will increase Evalueserve’s offerings and technological skills in the areas of data science, analytics and business intelligence for various industry segments.
Founded in 2008, Beyond Data serves and supports its customers with the development and operations of business intelligence solutions, data management, data warehousing, dashboarding, standard reporting, and the development of web applications, requirements analysis, project management, project support and training.
Post acquisition, Beyond Data has become an Evalueserve company but its headquarters will remain in Rheinbach, Germany and its current management structure will also remain unchanged.
“We are sure that we will benefit from Evalueserve’s 14 years of experience in the market, global structure and large workforce, which will help us further optimise our operational execution. We can also access the company’s much larger sales and marketing structure, and our clients will see increased scope of products and services,” said Manfred Partzsch, managing partner, Beyond Data.
Evalueserve and Beyond Data plan to jointly develop cloud-based business intelligence platforms in the marketing intelligence, procurement, pharmaceutical and other domains which will be directly used by client users as well as embedded with Evalueserve’s analytical services.
“The acquisition of Beyond Data and access to its technology and knowledge of data and business processes allow us to enhance and complement our portfolio. Our clients will benefit from a combination of Beyond Data’s delivery platforms and Evalueserve’s research and analytics capabilities and global presence. We could not ask for a better partner to help us develop into one of the market leaders in the data analytics space,” said Marc Vollenweider, CEO, Evalueserve.
Founded in 2000, Gurgaon-based Evalueserve offers intellectual property, market research, business research, financial and investment research and data analytics services. The firm is a specialist in knowledge processing with a team of more than 3,000 professionals. Evalueserve’s knowledge solutions include customised research and analytics services.
It has centres in Chile, China, India, Romania, the UAE, and the US, which provide multiple time zone and multilingual services.
(Edited by Joby Puthuparampil Johnson)