NEW YORK, June 3, 2024 /PRNewswire/ -- Zinnov, a leading global management consulting and strategy advisory firm, served as the exclusive financial advisor to Ness Digital Engineering (Ness), a global full-lifecycle digital services transformation company, in its acquisition of Intricity. Intricity, a New York-based company, is a specialized technology service companies in business intelligence, data strategy and warehousing, and information management with a core focus in the financial services marketplace. 

This acquisition strengthens Ness' data offerings, which their global Fortune 1000 clients have been leveraging, to establish new revenue streams and improve operating efficiencies. Intricity's strategic partnerships with industry leaders Snowflake and Databricks, and its robust data and advisory capabilities, bolster Ness' already formidable presence in the data engineering space.

"Ness has always had a strong capability in data engineering, and the acquisition of Intricity brings the data strategy and advisory capability. Furthermore, Ness will build on Intricity's strategic alliances with Snowflake and Databricks," said Ranjit Tinaikar, CEO, Ness Digital Engineering. "We are excited to welcome Intricity's talented team to Ness, combining our strengths to deliver even greater value to our clients."

Anand Kalra, Principal at Zinnov, remarked, "Data modernization and monetization, particularly in the Databricks and Snowflake ecosystems, are witnessing increased demand and heightened M&A activity. Ness' timely and highly strategic acquisition is something we are excited to have supported. We believe that the trend of companies acquiring specialized firms focused on data management and modernization will persist, leading to sustained, robust M&A activity in this space for the foreseeable future."

About Zinnov

Founded in 2002, Zinnov is a global management and strategy consulting firm in New York, Santa Clara, Houston, Seattle, Hyderabad, Bengaluru, Gurgaon, Pune, and Paris. Over the past 22 years, Zinnov has successfully consulted with over 250+ Fortune 500 enterprises to develop actionable insights to help them accelerate their technology journeys to create value – across dimensions of revenue, transformation, and optimization. With core expertise in Digital Engineering Talent, Digital Transformation, Innovation, and Outsourcing Advisory, Zinnov assists clients by:

• Structuring and implementing Digital Transformation levers enabled by technologies like AI/ML, Intelligent Automation, Cloud, IOT, etc.;
• Helping global companies outline and drive their open innovation programs, design and operate accelerator programs, and enable collaboration with start-ups across specific use cases and predefined outcomes;
• Growing revenue for companies' products and services in newer markets through account intelligence, market entry, and market expansion advisory;
• Enabling global companies to develop and optimize a global engineering talent footprint through center setups and accelerators - in an as-a-service model, as well as optimizing their global portfolios, to achieve higher R&D efficiencies, innovation, and productivity;
• Advising global PE firms in asset shortlisting and target evaluation, commercial due diligence, and value creation.

With their team of experienced consultants, subject matter experts, and research professionals, Zinnov serves clients from across multiple industry verticals including Enterprise Software, BFSI, Healthcare, Automotive, Retail, and Telecom in the US, Europe, Japan, and India.

For more information, visit http://zinnov.com.

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SOURCE Zinnov