Enterprises scaling artificial intelligence beyond pilot projects require a modernized application core, making application transformation services critical. SLK, an Altimetrik company, has been positioned as a Major Contender in Everest Group's latest PEAK Matrix® Assessment, highlighting its AI-first approach to rebuilding legacy systems into intelligent, data-driven ecosystems.
SLK is recognized as a Major Contender in Everest Group's Application Transformation Services for AI-enablement PEAK Matrix® Assessment 2025.
The company's focus is on AI-first application transformation, moving beyond basic modernization to build adaptive, AI-ready cores.
Key strengths include proprietary in-house tools like AiWiz, TestAI, and Smart Data Governance that support end-to-end transformation.
SLK demonstrates deep vertical expertise for banking, insurance, and manufacturing clients, with domain-specific accelerators.
The approach combines AI-infused transformation of existing systems with AI-native transformation for building new intelligent applications.
The recognition underscores the rising enterprise urgency to modernize legacy architectures as a prerequisite for scaling AI.
The Everest Group assessment identifies a market shift where application transformation is no longer just about technical debt reduction but a strategic enabler for AI adoption. SLK's methodology targets this by transforming legacy systems into cloud-native, API-first, and data-rich architectures. This creates the essential foundation—an "AI-ready core"—that allows enterprises to deploy generative AI and automation at scale across the organization.
This transformation is supported by a suite of proprietary tools designed to automate and accelerate the entire modernization lifecycle. Tools like AiWiz and FastAPI enable everything from automated discovery and reverse engineering of legacy logic to streamlined deployment, all within a cohesive environment. “As AI moves from isolated efficiency solutions to transforming the very core of enterprise products and services, organizations are being driven to modernize their application landscapes,” said Chandrashekar Surbhat, Sr. VP-AI & Digital.
SLK's positioning is bolstered by its strong track record in specific, complex industries. The report notes that enterprises in banking, insurance, and manufacturing may find SLK a suitable partner due to its vertical-specific accelerators for use cases like payments, smart factories, and quote-to-cash, combined with long-standing client relationships.
The company employs a dual-strategy transformation model: AI-infused transformation enhances existing systems with intelligent tools and insights, while AI-native transformation focuses on building new applications with intelligence at their core. This comprehensive approach helps clients overcome legacy constraints and unlock new value streams. Ankit Gupta, Vice President at Everest Group, stated, “SLK Software emerges as a Major Contender... supported by proprietary in-house tools that enable end-to-end transformation... Sector-specific accelerators... combined with deep domain expertise and long-standing client relationships, position SLK as a trusted modernization partner.”
Following its acquisition by Altimetrik, SLK is amplifying its capabilities by combining its engineering depth with Altimetrik's digital acceleration expertise. This unified force aims to deliver AI-first application transformation at scale, empowering clients to innovate faster and drive sustainable growth. The recognition from a leading global research firm validates this combined strategy and its relevance in a market where modernizing the application portfolio is inextricably linked to achieving AI ambitions.
SLK, an Altimetrik company, is a global technology services provider focused on bringing AI, intelligent automation, and analytics together to create leading-edge technology solutions through a culture of partnership and continuous evolution. Following its acquisition by Altimetrik, the unified organization broadens its innovation ecosystem and global reach. This alignment combines SLK’s expertise in Intelligent Enterprise, Infrastructure Management, Automation and Quality Engineering, Digital Operations, and Industry-Focused Solutions with Altimetrik’s proficiency in Data and AI, Digital Business Enablement, Product and Platform Engineering, Cloud and Modernization, and Go-to-Market and Growth Execution. Together, they are poised to unlock value, accelerate modernization, and drive measurable AI-first innovation at scale.
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