Latest news with #XponentL
Yahoo
4 days ago
- Business
- Yahoo
Genpact Acquires XponentL Data to Accelerate AI-Led Innovation
Combination will fast-track Genpact's expansion of advanced technology solutions, amplifying data and AI capabilities, domain expertise, and strategic partnerships NEW YORK, June 5, 2025 /PRNewswire/ -- Genpact (NYSE: G), a global advanced technology services and solutions company, today announced it has acquired XponentL Data, a data products and artificial intelligence (AI) solutions provider. XponentL brings differentiated domain-led data strategy, design, and engineering capabilities; deep industry experience; and strategic partnerships. This acquisition builds on Genpact's pivot to data, AI, and other advanced technologies, further enhancing Genpact's ability to help clients across the lifecycle of AI transformation, from strategy through implementation. In addition to being a Databricks partner, XponentL adds robust training and capabilities across numerous leading data platforms, including Amazon Web Services (AWS) and Microsoft. The company also brings proven industry- and process-specific solutions that accelerate time to business value. "We believe the future belongs to companies that deploy AI at speed and scale - on a bedrock of data expertise," said Balkrishan 'BK' Kalra, President and Chief Executive Officer, Genpact. "At Genpact, we have been steadily pivoting to an AI-first future, and today's acquisition is another proof point of our commitment to deliver client value through innovative solutions. XponentL's robust intellectual property will further strengthen how Genpact can help clients harness the full value of their data. We are incredibly excited to welcome XponentL Data to the Genpact team." "Genpact and XponentL share a vision to unlock the power of data for our clients – this opportunity allows us to take it to the next level," said Tom Johnstone, Chief Executive Officer, XponentL Data. "Genpact's domain, process, and technology leadership, global footprint, and extensive client base will help scale our solutions together to drive greater impact for our clients." The combination further positions Genpact to help clients with data and AI transformation, creating a foundational intelligence capability to drive operational efficiency and business growth in the agentic AI era. The acquisition will fuel Genpact's Service-as-Agentic-Solutions and the Genpact AI Gigafactory by bringing comprehensive domain solutions in Life Sciences and Healthcare, as well as deep expertise with enterprise data and AI strategy, architecture, and engineering talent. "XponentL Data has been a pioneer in applying intelligent agents and modern data architectures on the Databricks Data Intelligence Platform to drive real-world impact. Their acquisition by Genpact—a global leader in digital transformation and operational excellence—creates a unique combination of innovation and scale," said Michael Hartman, Senior Vice President, Americas Industry, Databricks. "We're excited to support this next chapter as they help enterprises operationalize AI and drive measurable business value." XponentL is headquartered in Pennsylvania and operates globally. Johnstone will continue to lead the XponentL business and all XponentL employees will join Genpact. The acquisition closed on June 5, 2025. Financial details of the transaction were not disclosed. About XponentL Data We specialize in delivering innovative Data & AI driven solutions that empower organizations to harness their full potential. With unmatched expertise, a collaborative approach, and a focus on value-driven results, we simplify complex challenges to unlock strategic opportunities, making us the ideal partner for businesses seeking transformation and competitive advantages. For more information, visit XponentL. About GenpactGenpact (NYSE: G) is an advanced technology services and solutions company that delivers lasting value for leading enterprises globally. Through our deep business knowledge, operational excellence, and cutting-edge solutions – we help companies across industries get ahead and stay ahead. Powered by curiosity, courage, and innovation, our teams implement data, technology, and AI to create tomorrow, today. Get to know us at and on LinkedIn, X, YouTube, and Facebook. Safe Harbor This press release contains certain statements concerning Genpact's future expectations, plans and prospects that constitute forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify these statements by forward-looking terms such as "expect," "anticipate," "intend," "plan," "believe," "could," "may," "shall," "will," "would" and variations of such words and similar expressions, or the negative of such words or similar expressions. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those in such forward-looking statements. These risks, uncertainties and other factors include but are not limited to the accuracy of our assumptions about trends in our market, our ability to successfully consummate or integrate strategic acquisitions, our ability to achieve expected benefits from strategic acquisitions, our ability to manage growth, our ability to develop and successfully execute our business strategies, our ability to implement and derive revenues from new service offerings, technological innovation, including AI technology and future uses of agentic AI, generative AI and large language models and our ability to invest in new technologies and adapt to industry developments at sufficient speed and scale, as well as other risks detailed in our reports filed with the U.S. Securities and Exchange Commission, including Genpact's Annual Report on Form 10-K. These filings are available at Genpact may from time to time make additional written and oral forward-looking statements, including statements contained in our filings with the Securities and Exchange Commission and our reports to shareholders. Although Genpact believes that these forward-looking statements are based on reasonable assumptions, you are cautioned not to put undue reliance on these forward-looking statements, which reflect management's current analysis of future events and should not be relied upon as representing management's expectations or beliefs as of any date subsequent to the time they are made. Genpact undertakes no obligation to update any forward-looking statements that may be made from time to time by or on behalf of Genpact. MEDIA CONTACTS:Investors: Media: Tyra Whelton Alexia Taxiarchos +1 (908) 418-2995 +1 (617) 259-8172 View original content to download multimedia: SOURCE Genpact Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
05-05-2025
- Business
- Business Wire
XponentL Launches Suite of Industry Data Products on Databricks to Accelerate Value from Data and AI
PHILADELPHIA--(BUSINESS WIRE)--XponentL, the fastest-growing Data & AI consultancy in the world, today announced the launch of seven enterprise-ready data products powered by Databricks, the Data and AI company. These solutions empower organizations across life sciences, healthcare, energy, retail, manufacturing, and financial services to rapidly operationalize data, accelerate AI adoption, and extract value from even the most complex datasets. "These products solve some of the most complex data challenges our clients face—from FHIR Interoperability to global compliance to AI enablement." Product Highlights: TariffIQ – Cross-Border Tariff Simulation Engine Built for global supply chain and finance teams, TariffIQ models how raw materials flow through international jurisdictions affected by tariffs and trade regulations. It enables real-time cost scenario planning to optimize sourcing, pricing, and tax exposure. TrueMatch – Entity Resolution MDM An AI-powered master data management tool that performs high-accuracy entity resolution across siloed systems. TrueMatch ensures a clean, unified view of customers, suppliers, and legal entities to support compliance, personalization, and enterprise reporting. EvidenTrace – Evidence Lineage Platform Tracks and visualizes the full transformation of scientific and clinical evidence—from unstructured sources to structured models—improving transparency, auditability, and trust in AI-enabled decision-making. FHIRIgnite – HL7/FHIR Integration Accelerator Transforms complex FHIR bundles into analytics and AI-ready formats by automating ingestion, flattening, and real-time harmonization. FHIRIgnite enables longitudinal patient views, seamless interoperability, and scalable healthcare AI applications. FAIR Bricks – Biomarker Data Integration & Insight Platform Integrates multimodal datasets—including genomic, proteomic, and clinical data—into a unified platform for biomarker discovery. Built on Databricks, FAIR Bricks enables life sciences organizations to accelerate precision medicine by linking biomarkers to therapeutic response and patient outcomes. Glow+ – Automation for Scaling Secondary Genomic Analysis Fills a critical gap in an organization's ability to analyze and interpret genomic data in the context of a clinical study, the testing of large populations, or researching a new precision drug target. Leveraging the Data Intelligence Platform to automate, scale, and reduce the unit cost for conducting Secondary Genomic Analysis for large scale genomic variation studies. GenAI Assisted Data Cleanup – Supply Chain Autoclassification Manufacturers need to classify thousands of attribute records, such as Customer IDs and Product SKUs across disparate ERPs which have grown through acquisitions, into a controlled set of values (Master Customers and Products). Achieving clean data is critical to ensuring a fully optimized supply chain. Legacy fuzzy matching and manual review is typically executed for these scenarios, which can be rigid and require significant resources. Leveraging Mosaic AI, this autoclassification solution reduces manual effort by 80-95%. "We're excited to expand our partnership with XponentL as they continue to deliver industry-grade solutions on the Databricks Data Intelligence Platform," said Michael Sanky, AVP, Industry Solutions at Databricks. "These data products accelerate time to value for our customers and unlock new levels of insight and innovation." "These products solve some of the most complex data challenges our clients face—from FHIR Interoperability to global compliance to AI enablement," said Matt Arellano, President of XponentL. "We're proud to bring plug-and-play, AI-ready solutions to life on the Databricks Data Intelligence Platform to help organizations move faster and smarter." All products are now available through XponentL and deploy seamlessly into existing Databricks environments. About XponentL Data Inc: We specialize in delivering innovative Data & AI driven solutions that empower organizations to harness their full potential. With unmatched expertise, a collaborative approach, and a focus on value-driven results, we simplify complex challenges to unlock strategic opportunities, making us the ideal partner for businesses seeking transformation and competitive advantages.
Associated Press
15-04-2025
- Business
- Associated Press
XponentL Data Announces the Strategic Acquisition of SmartBits, Switzerland
PHILADELPHIA--(BUSINESS WIRE)--Apr 15, 2025-- XponentL Data Inc., a leading provider of Data & AI services, today announced the acquisition of SmartBits, a leading Digital, Data & AI consultancy in Switzerland. This strategic move expands XponentL's service offerings, strengthens its position in the growing Data & AI market and expands its European footprint. The acquisition complements XponentL's existing capabilities in data strategy and platform/software engineering. XponentL aims to enable its clients with AI-ready data, complementing its software partners with assets that drive value across Life Sciences, Healthcare, Retail, Hospitality, Energy, Manufacturing, and Financial Services—forming a foundation for growth. Bekim Kasumi, SmartBits CEO, had this to say about the acquisition, 'I founded SmartBits in Switzerland 24 years ago to advance digital transformation. The acquisition by XponentL Data is an exciting opportunity to scale our expertise and expand our impact in Switzerland and across Europe. With XponentL's strong capabilities in AI and data, SmartBits is well-positioned to drive innovation and deliver greater value to our clients in this rapidly evolving space.' XponentL's CEO, Tom Johnstone, expressed similar thoughts on the synergies, 'The acquisition of SmartBits will allow us to increase our reach in Europe and bolster our platform engineering capabilities.' The initial focus of the acquisition will be launching XponentL's Innovation Lab, which will focus on helping clients quickly prove hypotheses. 'XponentL's Innovation Lab will be where we combine leading technology to solve our clients' most critical business opportunities. The team will take learnings from large technology companies where we'll utilize a golden path approach to drive innovation execution,' said Matt Arellano, President of XponentL. The organizations will introduce industry-focused assets to the market over the next twelve months. About XponentL Data Inc: We specialize in delivering innovative Data & AI driven solutions that empower organizations to harness their full potential. With unmatched expertise, a collaborative approach, and a focus on value-driven results, we simplify complex challenges to unlock strategic opportunities, making us the ideal partner for businesses seeking transformation and competitive advantages. About SmartBits: SmartBits is a management, consulting, and software development company specializing in innovative digital solutions for education and professional development. Established in 2003, SmartBits SH.P.K operates as the Kosovan branch of SmartBits GmbH, headquartered in Zug, Switzerland. View source version on CONTACT: Media: Dave Taub | Chief Marketing Officer [email protected] Additional Information: Matthew Arellano | President & Chief Data Officer [email protected] KEYWORD: EUROPE SWITZERLAND UNITED STATES NORTH AMERICA PENNSYLVANIA INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT DATA ANALYTICS TECHNOLOGY SOFTWARE CONSULTING ARTIFICIAL INTELLIGENCE SOURCE: XponentL Data Inc. Copyright Business Wire 2025. PUB: 04/15/2025 09:44 AM/DISC: 04/15/2025 09:44 AM
