Altimetrik, a leading AI, data, and digital engineering solutions provider, announced a definitive agreement to acquire SLK Software, a Bengaluru-based global technology services firm specializing in AI, intelligent automation, and analytics. Valued at approximately $600 million (Rs 5,100 crore), the acquisition, expected to close in the second half of 2025, aims to bolster Altimetrik’s end-to-end services, expand its customer base to over 150 enterprises, and accelerate its goal of reaching $1 billion in annual revenue.
Altimetrik acquires SLK Software for $600M, closing expected in H2 2025.
Combines Altimetrik’s AI-first engineering with SLK’s technology services stack.
Will serve 150+ clients, including Fortune 500, with 10,000+ professionals.
Partners with OpenAI, AWS, Snowflake, and Databricks for innovative solutions.
Enhances capabilities in BFSI, pharma, manufacturing, and technology sectors.
Supports Altimetrik’s $1B annual revenue goal with expanded global footprint.
The acquisition merges Altimetrik’s AI-first, platform-native engineering model with SLK’s comprehensive technology services, creating a powerhouse for modernizing enterprise platforms. “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.” The combined entity will leverage SLK’s deep customer relationships and global operations to deliver innovation-led solutions.
Altimetrik, recognized as a Major Contender in Everest Group’s BFSI IT Services PEAK Matrix® 2025 and a Product Challenger in ISG Provider Lens™ 2024 for Advanced Analytics and AI Services, will enhance its capabilities through SLK’s expertise in AI and automation. “To enable an AI-First business, a robust data cloud infrastructure grounded in product and platform engineering rigor is crucial,” said Raj Sundaresan, CEO of Altimetrik. The partnership with pioneers like OpenAI, AWS, Snowflake, and Databricks will drive AI-native transformation across industries.
The combined entity will employ over 10,000 professionals, serving a diverse client base, including Fortune 500 companies in financial services, pharma, life sciences, manufacturing, and technology. “This combination creates an AI-first digital engineering platform with the scale, leadership, and execution muscle to deliver meaningful outcomes across industries,” said Puneet Bhatia, Co-Managing Partner at TPG Capital Asia. SLK’s client roster, including Google Cloud, Microsoft, Oracle, and Salesforce, further strengthens Altimetrik’s market position.
Backed by TPG Capital, which acquired a majority stake in Altimetrik in 2024, the acquisition aligns with TPG’s investment thesis in technology services. “This acquisition underscores TPG’s focus on backing strategic technology providers leading the data and AI transformation journey,” said Vivek Mohan, Business Unit Partner at TPG Capital Asia. Avendus Capital advised SLK, while EY supported Altimetrik and TPG. The deal, noted in posts on X, reflects growing M&A activity in digital engineering.
“Beyond combining capabilities, bringing together the two businesses is about scaling what we do best: solving real business problems with precision and speed,” said Raj Vattikuti, Board Member and Founder of Altimetrik. The acquisition positions the combined entity to deliver measurable impact, modernizing legacy systems while ensuring governance, compliance, and platform security for clients worldwide.
Altimetrik’s acquisition of SLK Software marks a transformative step in creating an AI-first engineering services leader, poised to redefine digital transformation with speed, scale, and innovation across global markets.
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.
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.
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