DETROIT: Altimetrik, an AI, data and digital engineering solutions company, announced Thursday it has signed a definitive agreement to acquire SLK Software, a global technology services firm specializing in AI, intelligent automation and analytics.
The deal will enhance Altimetrik’s end-to-end services and expand its customer base, advancing its goal of reaching $1 billion in annual revenue.
The transaction, expected to close in the second half of 2025, is subject to customary closing conditions. Financial terms were not disclosed.
Founded in 2000, SLK is known for its innovative digital solutions. The acquisition will combine Altimetrik’s AI-driven engineering model with SLK’s technology services, accelerating modernization for enterprise clients.
Altimetrik, a leader in digital services with a strong track record in AI and data deployments, will leverage SLK’s global operations and customer relationships to drive further innovation.
“AI, especially generative AI and machine learning, is key to unlocking business value,” said Raj Sundaresan, CEO of Altimetrik. “This acquisition reinforces our commitment to delivering AI-driven solutions at scale.”
Parth Amin, founder and chairman of SLK Software, called the deal a “strategic acceleration,” citing shared values in customer focus and innovation.
Upon closing, the combined company will serve more than 150 clients, including Fortune 500 firms, and partner with industry leaders such as OpenAI, Amazon Web Services and Snowflake. The business will employ over 10,000 professionals worldwide, supporting digital transformation across sectors like financial services, health care and manufacturing.
“This merger is a major step forward for the industry,” said Puneet Bhatia of TPG Capital Asia, an Altimetrik board member. Vivek Mohan, also of TPG, noted the deal aligns with the firm’s focus on tech providers leading AI transformation.
Raj Vattikuti, Altimetrik’s founder, said the merger will enhance problem-solving speed and AI-driven innovation. SLK CEO Ajay Kumar added that the combined company will deliver greater client impact.
Avendus Capital advised SLK Software, while EY advised Altimetrik and TPG.