Latest news with #AdastraGroup
CTV News
22-07-2025
- Business
- CTV News
Toronto-based IT firm Adastra sold to global investment firm Carlyle Group
Co-founder and co-chairman of the private equity firm The Carlyle Group David Rubenstein speaks in the panel "The Global Economic Outlook" on the last day of the forum's Annual Meeting in Davos, Switzerland, Friday, Jan. 19, 2024. (AP Photo/Markus Schreiber) TORONTO — IT company Adastra Group SE says global investment firm Carlyle Group Inc. has agreed to acquire a majority stake in the company. Adastra, which is co-headquartered in Toronto and Prague, Czech Republic, says it has more than 2,000 employees across several market-facing and global delivery centres. Terms of the agreement were not released. Carlyle says it has a track record of investing in and scaling up leading IT services companies globally. Adastra says Carlyle will aim to grow its data, cloud and AI offerings, supporting existing and new customers, as well as expanding its international presence through organic investments and targeted mergers and acquisitions. Adastra chief executive Rob Turner calls it an 'exciting and transformative step' for the company, saying he believes Carlyle's 'deep experience and global network' can help unlock a new phase of growth for the business. This report by The Canadian Press was first published July 22, 2025.
Bloomberg
22-07-2025
- Business
- Bloomberg
Carlyle Is Said to Acquire IT Firm Adastra in $400 Million Deal
Carlyle Group Inc. is buying a majority stake in Adastra Group SE in a deal valuing the IT consultancy and services provider at about $400 million including debt, according to people familiar with the matter. The US investment firm is pursuing the deal via Carlyle Europe Technology Partners V and Carlyle Asia Partners Growth II, the people said, asking not to be identified discussing confidential information.
National Post
01-05-2025
- Business
- National Post
Adastra Named AWS Data Foundation Partner, Helping Organizations Ready Their Data for Generative AI
Article content TORONTO — Adastra Group (also known as Adastra Corporation), a global leader in data analytics and artificial intelligence, is proud to announce it has become an Amazon Web Services (AWS) Data Foundation partner, based on powering successful generative AI deployments with a robust data foundation. Article content Article content This milestone validates Adastra's commitment to leveraging its deep expertise in AWS services to deliver custom solutions that transform data into valuable, actionable insights. Article content 'As generative AI continues to evolve, its potential to speed up time-consuming processes such as data analysis and chatbot customer support becomes increasingly apparent,' says Katya Dunets, Head of AWS North American Presales, Adastra. 'However, your generative AI results are only as good as your data.' Article content Adastra recognizes that harnessing this potential requires a robust data foundation capable of ingesting diverse data sources and supporting iterative model refinement. Article content Adastra meets organizations where they are on their data journey. Adastra's holistic approach to generative AI implementation encompasses six critical steps: ideate, strategize, prototype, modernize and build, productionize, optimize and scale. Each phase is designed to ensure alignment with business objectives, validate technological choices, deliver minimum viable products, and establish a scalable, high-performance data foundation. Article content Why Choose Adastra for Generative AI Solutions Deployed on AWS? Article content Adastra is an AWS Premier Tier Services Partner and globally recognized leader in data management and AI innovation. With over 25 years of expertise and over 200 AWS-certified experts, we safeguard your critical data through deploying solutions on private AWS instances. We offer unparalleled scalability to meet dynamic business needs and deliver custom solutions tailored to your unique challenges, including ongoing support and maintenance. Our ability to quickly implement adaptable offerings lets you see immediate benefits from generative AI, supported by our extensive data management experience. This commitment to excellence and innovation has earned Adastra two AWS Partner Awards for Data and Analytics Consulting Partner of the Year (Global) and Innovation Partner of the Year (EMEA). Article content No matter where your organization stands on its AI journey, our AI Days are designed to accelerate your understanding and adoption of artificial intelligence built on AWS. Our workshops are dedicated to educating teams on AI concepts, identifying high value use cases, and crafting a roadmap for AI adoption that aligns with business goals. Participants have a chance to engage with AWS-certified AI experts in hands-on sessions to demystify AI technologies, prioritize initiatives, and explore AWS services like Amazon SageMaker Unified Studio and Amazon DataZone. By the end of the experience, you'll have a clear vision of your organization's AI potential, a portfolio of AI use cases, and a customized adoption roadmap. Article content For over two decades, we have transformed businesses into digital leaders, helping global organizations innovate, achieve operational excellence, and create unforgettable customer experiences, all with the power of their data. Article content At the forefront of artificial intelligence, data, cloud, digital and governance services, Adastra delivers solutions to enterprises to leverage data they can manage and trust, connecting them to their customers – and their customers to the world. Article content Article content Article content Article content Article content Contacts Article content Article content
