This acquisition strengthens Fractal’s RGM offerings and expands its reach across industries to help its clients make #betterdecisons to drive sustainable growth
Fractal, (fractal.ai), a global provider of artificial intelligence and advanced analytics solutions to Fortune 500® companies, today announced the acquisition of Samya.ai, one of the fastest-growing Revenue Growth Management (RGM) companies, for an undisclosed amount. This acquisition strengthens Fractal’s RGM offerings and expands its reach across industries to help its clients make #betterdecisons to drive sustainable growth.
Companies face significant operational blind spots and value leakage in the form of lost sales, reduced margins, low ROI on promotional spend, missed growth opportunities, and excess inventories. It is estimated that CPG companies alone lose revenue growth opportunities of up to 9% and carry an excess inventory of 10%-15% due to these operational complexities and inefficiencies.
Pranay Agrawal, Co-founder and Chief Executive Officer, Fractal, said, ‘We are excited about the possibilities that lie ahead of us with Samya. Supporting our mission to power every human decision in the enterprise, this acquisition will expand our footprint and enable us to create greater value to our clients across industries.’ He added, ‘The founders, Shailendra, Deepinder, and Pavan, have built a world-class AI/ML engineering product and a great team. I am thrilled to welcome the team into Fractal.’ ‘Samya’s RGM offering leverages deep learning, reinforcement learning, and other advanced probabilistic methods to deliver 10X advantage over traditional approaches. We are excited about joining Fractal. Our combined expertise will enable us to help Fortune 500 clients drive sustainable revenue growth,’ said the founders, Shailendra Singh (CEO), Deepinder Dhingra (Chief Product Officer), and Pavan Palety (Chief Customer Officer).
Fractal has more than 2,300 employees across 16 global locations, including the United States, UK, Ukraine, India, and Australia. Fractal has consistently been rated as India’s best companies to work for, by The Great Place to Work® Institute, featured as a leader in the Specialized Insights Service Providers Wave™ 2020, Computer Vision Consultancies Wave™ 2020 & Customer Analytics Service Providers Wave™ 2019 by Forrester Research, and recognized as an ‘Honorable Vendor’ in 2021 Magic Quadrant™ for data & analytics by Gartner. For more information visit fractal.ai.
PTI
Source: Business World
