Latest news with #digitalengineering
Yahoo
30-07-2025
- Business
- Yahoo
Quantiphi, Snowflake Accelerate Chalo's AI-Driven Data Modernization for Public Transport Transformation
MARLBOROUGH, Mass., July 30, 2025 /PRNewswire/ -- Quantiphi, an AI-first digital engineering company and an Elite Tier partner of Snowflake, the AI Data Cloud company, today announced that India's leading public transport technology company, Chalo, has leveraged Snowflake and Quantiphi to modernize its data infrastructure, helping improve Chalo's efficiency, reduce operational costs and scale its rapidly growing data ecosystem. Chalo, which handles more than 4 billion passenger rides and operations annually in 67 Indian cities and 23 international cities across the Philippines, Peru and Fiji, is at the forefront of digitizing public transport through innovations like live bus tracking, mobile ticketing and smart travel cards platform along with various backend IT systems to the operators. Due to its expanding footprint and insufficient unified data strategy, the company previously faced challenges like performance bottlenecks, high operational costs and reduced scalability. Quantiphi Executive Sponsor, Snowflake Alliance and Global Head of Financial Services and Insurance Bhaskar Kalita said Quantiphi helped Chalo navigate these challenges by migrating its data to Snowflake's AI Data Cloud and leveraging Codeaira—Quantiphi's generative AI-powered developer's agent, to accelerate the data migration process and achieve full operational readiness ahead of schedule. "By combining our expertise with Snowflake's powerful data platform we helped Chalo build a scalable and efficient data ecosystem to support its rapid expansion," Kalita said. "This collaboration showcases how strategic partnerships can drive innovation, transform industries and create smarter businesses for the future." "We needed a robust data engineering platform and as the first to leverage Quantiphi's Gen AI accelerator, Codeaira, we achieved nearly 50 percent faster migration," Chalo AVP of Platform Atmesh Mishra said. "In just two months, we were live and fully functional on the new platform, delivering greater value to our customers." With the migration to Snowflake, Chalo can now monitor its internal metrics and send alerts to passengers in case of delays or anomalies in operations. This has helped Chalo increase operational efficiency by optimizing routes, managing demand forecasting and personalizing user experiences. "Our collaboration with Chalo has enabled it to democratize data and help its teams make quick data-driven decisions for business growth," Snowflake Director, Head of Partnerships, India Dhiraj Narang said. "Partnering with Quantiphi accelerated this transformation, laying the foundation for future AI-driven innovations in public transportation. By leveraging Snowflake's AI Data Cloud, Chalo can now securely process vast amounts of transit data with greater efficiency, improving fleet management, reducing costs and optimizing decision-making at scale." Learn more about how Quantiphi and Snowflake enabled transformational data modernization for Chalo. About Quantiphi:Quantiphi is an award-winning AI-first digital engineering company driven by the desire to reimagine and realize transformational opportunities at the heart of business. Since its inception in 2013, Quantiphi has solved the toughest and most complex business problems by combining deep industry experience, disciplined cloud and data engineering practices, and cutting-edge artificial intelligence research to achieve accelerated and quantifiable business results. Learn more at and follow us on LinkedIn, X, formerly Twitter, Instagram and YouTube. Media Contact:H. Newsroom View original content to download multimedia: SOURCE Quantiphi 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
Yahoo
23-07-2025
- Automotive
- Yahoo
Advancing sustainable mobility through innovative traffic management solutions and collaborative data integration: Akkodis announces participation in EU-funded project FEDORA
Akkodis is joining forces with leading European partners to create innovative traffic management solutions that enhance sustainable urban mobility across Europe. VIENNA, July 23, 2025 /PRNewswire/ -- Akkodis, a global digital engineering company and part of the Adecco Group, is proud to participate in the EU-funded FEDORA[1] project (Federation of Network Optimisation Services, Simulation Foresights, and Data Alchemy for Adaptable, Agile, Secure, and Resilient Multimodal Traffic Management). Coordinated by ERTICO – ITS Europe, the initiative, officially launched on June 1st, brings together a strong consortium of institutions focused on solving today's pressing mobility challenges. The FEDORA project addresses key limitations in current traffic management systems, including a lack of orchestration when addressing multi-modal needs in structured integration protocols and in the incorporation of real-world traffic complexities. These gaps have led to suboptimal performance in managing mobility services and a divergence from the EU's sustainability targets. To tackle these challenges, FEDORA will develop a federated digital platform that enables advanced, real-time sensing and forecasting of transport supply and demand, supporting more efficient, sustainable movement of people and goods. At the operational level, FEDORA will offer a collaborative data space from which advanced data processes using interconnected service and tools can be developed. It will also focus on the development of advanced traffic management optimization services and a multi-modal simulation environment to create and assess future mobility scenarios. The approach will be validated through six thematic demonstrations in diverse contexts, including Vienna, the Basque Country, Reggio Emilia, Nicosia, Budapest, and Copenhagen, addressing varying urban and rural conditions, infrastructure maturity levels, and multimodal mobility service availability. The demonstration phase is set to start in summer 2026, with Vienna as the first pilot city. Akkodis brings proven expertise to FEDORA, having previously coordinated the Horizon 2020-funded MobiDataLab project, which advanced data sharing among mobility stakeholders across Europe. The methodologies and cloud-based service platform developed in MobiDataLab now serve as a foundation for FEDORA's data space and will be expanded as part of the new initiative. FEDORA is anticipated to deliver several outcomes that will significantly improve the transport network and traffic oversight. It aims to enhance the multimodal transport system, ensuring efficient door-to-door mobility for both passengers and goods. Additionally, the initiative will develop effective solutions for secure data sharing across different transport modes, fostering a dynamic and responsive management framework. "Akkodis is committed to leveraging its expertise in digital engineering to contribute to the success of the FEDORA project. By collaborating with ERTICO, the City of Vienna, and a strong network of partners, Akkodis aims to improve the efficiency of decarbonized transport solutions in complex environments, promoting their desirability in order to support the EU's vision for sustainable mobility," comments Tanguy Deren, Director of Innovation at Akkodis France. Contacts Anne Friedrich SVP, Global Head of Communications, AkkodisE. Meldina Kurti Director, Business Partner Communications Germany, AkkodisE. Maria Sole Quaglio External Communications Manager Germany, AkkodisE. About Akkodis Akkodis is a global digital engineering company and Smart Industry leader. We enable clients to advance in their digital transformation with Consulting, Solutions, Talent, and Academy services. Headquartered in Switzerland and part of the Adecco Group, Akkodis is a trusted tech partner to the world's industries. We co-create and pioneer solutions that help to solve major challenges, from accelerating the clean energy transition and green mobility, to improving user and patient centricity. Empowered by a culture of inclusion and diversity, our 50,000 tech experts across 30 countries combine best-in-class technologies and cross industry knowledge to drive purposeful innovation for a more sustainable tomorrow. We are passionate about Engineering a Smarter Future Together. | LinkedIn | Instagram | Facebook| X About The Adecco Group The Adecco Group is the world's leading talent company. Our purpose is making the future work for everyone. Through our three global business units - Adecco, Akkodis and LHH - across 60 countries, we enable sustainable and lifelong employability for individuals, deliver digital and engineering solutions to power the Smart Industry transformation and empower organizations to optimize their workforces. The Adecco Group leads by example and is committed to an inclusive culture, fostering sustainable employability, and supporting resilient economies and communities. The Adecco Group AG is headquartered in Zurich, Switzerland (ISIN: CH0012138605) and listed on the SIX Swiss Exchange (ADEN). [1] This project has received funding from a Research and Innovation Action under Horizon Europe Framework with Grant Agreement No 101203465. Photo - - View original content to download multimedia: SOURCE Akkodis Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
National Post
22-07-2025
- Business
- National Post
Tetra Tech Awarded Contract to Modernize Municipal Water Digital Automation Systems in Los Angeles
Article content PASADENA, Calif. — Tetra Tech, Inc. (NASDAQ: TTEK), a leading provider of high-end consulting and engineering services in water, environment, and sustainable infrastructure, announced today that California's West Basin Municipal Water District (MWD) selected Tetra Tech to modernize its process control system used by water treatment facilities that serve nearly one million people across 17 cities in Los Angeles County, California. Article content Under this $10 million contract, Tetra Tech will provide digital systems engineering and technical services to replace and modernize West Basin MWD's distributed control system for its advanced water recycling facilities, thereby enhancing operational efficiency, cybersecurity, and reliability. Our digital systems experts will perform platform evaluation and selection, design, preparation of plans and technical specifications, and automation system programming and integration. Article content Article content 'West Basin Municipal Water District is an internationally recognized leader in water recycling and water resource management,' said Dan Batrack, Tetra Tech Chairman and CEO. 'We are pleased to use our Leading with Science ® approach to strengthen the critical digital automation systems that support West Basin's Water for Tomorrow program including advanced water recycling facilities, drought resilience, and diversification of water supplies to the District and communities across coastal Los Angeles.' Article content Tetra Tech Article content Leading with Science ® Article content Article content LinkedIn Article content and Article content Facebook Article content . Article content Any statements made in this release that are not based on historical fact are forward-looking statements. Any forward-looking statements made in this release represent management's best judgment as to what may occur in the future. However, Tetra Tech's actual outcome and results are not guaranteed and are subject to certain risks, uncertainties and assumptions ('Future Factors'), and may differ materially from what is expressed. For a description of Future Factors that could cause actual results to differ materially from such forward-looking statements, see the discussion under the section 'Risk Factors' included in the Company's Form 10-K and Form 10-Q filings with the Securities and Exchange Commission. Article content Article content Article content Article content Article content Article content
Yahoo
10-07-2025
- Business
- Yahoo
Altimetrik Names Sreenivas V as its Chief Financial Officer to Lead the Accelerated Global Growth Through AI-First Transformation
Seasoned executive brings two decades of global technology leadership to propel Altimetrik to $1B revenue trajectory and solidify as an AI-native, digital engineering powerhouse DETROIT, July 10, 2025--(BUSINESS WIRE)--Altimetrik, a pure-play AI-First, data and digital engineering solutions company, has appointed Sreenivas V as its new Chief Financial Officer (CFO). Reporting directly to CEO Raj Sundaresan, Sreenivas will strategically transform and spearhead the company's global finance function as Altimetrik accelerates into its next growth phase, fuelled by AI innovation. Embracing an AI-First approach across its internal operations and client engagements, Altimetrik has embarked on a series of transformative initiatives aimed at unlocking the full potential of AI to deliver business value. As part of its strategic expansion, the company recently announced the signing of a definitive agreement to acquire SLK Software, strengthening its end-to-end enablement services, expanding its customer reach and global delivery capabilities. Reinforcing its long-term vision, Altimetrik remains committed to pioneering industry-leading AI-led initiatives that accelerate enterprise AI adoption and deliver measurable, high-impact outcomes at scale. "Sreenivas joins us at a time when we are redefining the future of digital engineering," said Raj Sundaresan, CEO, Altimetrik. "As we expand our AI-First execution across clients, and commercialize our innovations through our AI lab, his strategic financial acumen and proven ability to architect financial frameworks that enable aggressive scaling while maintaining the operational discipline makes him the ideal leader to deliver remarkable outcomes to all stakeholders." Sreenivas brings over two decades of distinguished leadership experience across 30+ countries in the Technology industry, with a strong track record across Corporate Strategy, Finance & Accounts, M&A, Investor Relations, Business Operations and Enterprise Transformation. He has successfully orchestrated complex IT outsourcing and application engineering deals totalling over $600 million in total contract value. His impressive track record includes key contributions to landmark industry milestones such as India's largest private-sector IPO at TCS, the largest private equity investment in Indian IT services at Hexaware, and expertise in scaling enterprises, restructuring balance sheets and unlocking substantial value through business transformation at Plintron and Collabera Digital. An alumnus of IIT Madras and IIM Calcutta, Sreenivas holds advanced certifications in Finance, Treasury Management, and Investment Management. "The intersection of AI and strategic finance represents the next frontier in value creation and I'm committed to positioning Altimetrik at the forefront in this evolving landscape," said Sreenivas V, CFO, Altimetrik. "As we scale our AI-First delivery and integrate AI-led innovation into the market, Finance will be a key enabler of sustainable value creation. Having successfully navigated global expansion amid diverse economic environments, I'm energized by the opportunity to earn and uphold the trust of our clients, partners, employees, and shareholders." This leadership appointment reinforces Altimetrik's commitment to world-class leadership, following recent appointments of Chief Operating Officer Rajeev Jain and Chief Marketing Officer Gurvinder Sahni, the enhanced C-suite positions Altimetrik to capitalize on unprecedented demand for AI-driven digital transformation solutions. These leadership appointments come at a pivotal moment as enterprises worldwide seek trusted partners to operationalize AI at scale, with Altimetrik uniquely positioned to deliver incredible business outcomes anchored in AI-led agility, a product-centric engineering model, and data-driven decision-making through its proven Digital Business Methodology and industry-leading AI-First approach. About Altimetrik Altimetrik is a pure-play AI-First, Data, and Digital business services company. We focus on delivering business outcomes with an incremental, product-oriented approach. Our industry-first, proven digital business methodology provides a blueprint to develop, scale, and launch new products to market faster. Our team of 6,000+ practitioners with software, data, and cloud skills builds an agile engineering culture of collaboration and innovation that modernizes technology and builds new business models in bite-sized increments. As a strategic partner and catalyst, Altimetrik quickly delivers results without disruption. Recognized as a Major Contender in Everest Group's BFSI IT Services Specialists PEAK Matrix® Assessment 2025 and a Product Challenger in ISG Provider Lens™ 2024 for Advanced Analytics and AI Services, Altimetrik continues to lead the way in delivering cutting-edge digital transformation. Learn more at View source version on Contacts Gurvinder Singh SahniAltimetrikGSahni@ Matt McLoughlinGregory FCA on behalf of Altimetrikaltimetrik@ +1 610-228-2123 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
National Post
27-06-2025
- Business
- National Post
Altimetrik and SLK Software Join Forces to Create an AI-First Engineering Services Powerhouse
Article content DETROIT — Altimetrik, a pure-play AI, Data and Digital engineering solutions company, today announced the signing of a definitive agreement to acquire SLK Software ('SLK'), a global technology services firm focused on delivering AI, intelligence automation and analytics solutions. The acquisition will further strengthen Altimetrik's end-to-end enablement services and expand its customer reach, with a clear path to accelerate towards Altimetrik's goal of reaching $1billion in annual revenue. The transaction remains subject to customary closing conditions and is expected to close in the second half of 2025. Financial details were not disclosed. Article content Founded in 2000, SLK is recognized as a leader in the tech industry, and for its commitment to create innovative digital solutions. This strategic acquisition will significantly enhance the scale of Altimetrik's capabilities, bringing together Altimetrik's AI-first, platform-native engineering model and SLK's full technology services stack that will further accelerate the journey towards modernizing enterprise platforms for its customers. Article content Article content Altimetrik is among the most evolved digital services providers with advanced data and digital engineering capabilities, a bite sized approach that creates high ROI client outcomes and exceptional track record of data and AI led deployments. Altimetrik will additionally leverage SLK's deep customer relationships, global operational footprint and complementary leadership talent to further deliver innovation-led value creation for customers. Article content 'In today's world, AI, and especially Generative AI and Machine Learning, is the engine that is driving true business value,' said Raj Sundaresan, CEO of Altimetrik. 'To enable an AI-First business a robust data cloud infrastructure that is grounded in product and platform engineering rigor is crucial. Our investment in SLK reflects our intention to deepen our commitment to customers who are looking for digital, AI-driven solutions that enable business value creation at unparalleled speed and scale. We are incredibly excited and look forward to welcoming SLK Software to the Altimetrik family.' Article content 'This is not a traditional integration. It is a strategic acceleration,' said Parth Amin, Founder & Chairman of SLK Software. 'In Altimetrik, we've found a partner who shares our values of customer intimacy, people centricity, and a passion for innovation and agility. Together we will unlock greater capabilities for our clients while preserving the speed and responsiveness they trust us for.' Article content Upon the closing of the transaction, the combined entity will serve a global customer base of over 150 businesses that include Fortune 500 companies and some of the most innovative tech enterprises. It will also enable a partnership network that includes era-defining pioneers such as OpenAI, Amazon Web Services, Snowflake, and Databricks. Together, the business will employ over 10,000 professionals around the world to support customers who are in their digital transformation journey and are looking for innovative solutions to modernize legacy systems through leveraging data and AI, while ensuring world-class governance, compliance, and platform security. This includes organizations across diverse industries, from Financial Services & Payments to Pharma and Lifesciences, to Technology and Manufacturing. Article content 'Altimetrik and SLK coming together is a strategic leap for the industry,' said Puneet Bhatia, Co-Managing Partner and Country Head, India of TPG Capital Asia and Board Member at Altimetrik. 'This combination creates an AI-first digital engineering platform with the scale, leadership, and execution muscle to deliver meaningful outcomes across industries. With TPG's track record and experience in supporting enterprise tech businesses, we are proud to be able to support this next phase of growth and value creation.' Article content 'This acquisition underscores TPG's investment thesis in technology services, which is indexed on backing strategic technology providers that are leading the data and AI transformation journey for customers, with differentiated business, pricing and delivery models,' said Vivek Mohan, Business Unit Partner at TPG Capital Asia and Board Member at Altimetrik. Article content Highlighting the breadth and depth of the combined business, Raj Vattikuti, Board Member and Founder of Altimetrik said, 'Beyond combining capabilities, bringing together the two businesses is about scaling what we do best: solving real business problems with precision and speed. With SLK, we are expanding our ability to bring industry context, simplify complexity, and deliver AI-native transformation.' Article content Ajay Kumar, CEO of SLK Software added, 'SLK's customer-first approach has led to building offerings powered by AI to deliver outstanding results for our clients. As a combined entity, SLK and Altimetrik are now set to unlock exceptional value and drive measurable impact at scale for our clients.' Article content Avendus Capital acted as the exclusive financial advisor to SLK Software. EY acted as the exclusive financial advisor to Altimetrik and TPG. Article content About Altimetrik Article content Altimetrik is a pure-play AI, Data, and Digital business services company. We focus on delivering business outcomes with an incremental, product-oriented approach. Our industry-first, proven digital business methodology provides a blueprint to develop, scale, and launch new products to market faster. Our team of 6,000+ practitioners with software, data, and cloud skills builds an agile engineering culture of collaboration and innovation that modernizes technology and builds new business models in bite-sized increments. As a strategic partner and catalyst, Altimetrik quickly delivers results without disruption. Recognized as a Major Contender in Everest Group's BFSI IT Services Specialists PEAK Matrix® Assessment 2025 and a Product Challenger in ISG Provider Lens™ 2024 for Advanced Analytics and AI Services, Altimetrik continues to lead the way in delivering cutting-edge digital transformation. Learn more at Article content About SLK Software Article content SLK Software is a global technology services provider focused on bringing AI, intelligent automation, and analytics together to create leading-edge technology solutions for our customers through a culture of partnership with them, led by an evolutionary mindset. For 25 years, we have helped organizations across diverse industries — insurance providers, financial service organizations, investment management companies, and manufacturers — reimagine their business and solve their present and future needs. Certified as a Great Place To Work®, we encourage an approach of constructively challenging the status quo in all that we do to enable peak business performance for our customers and for ourselves, through disruptive technologies, applied innovation, and purposeful automation. Find out how we help leading organizations reimagine their business at Article content Article content Article content Article content Contacts Article content Media Contacts: Article content Altimetrik Gurvinder Singh Sahni GSahni@ Article content Article content Article content
