Private equity firm ChrysCapital has acquired Xoriant, a software engineering and digital IT services provider. Separately, Servify has acquired Jubi.ai, an AI-driven engagement platform used to automate customer support and sales.
ChrysCapital buys Xoriant
ChrysCapital has acquired Xoriant, a software engineering and digital IT services provider, per an announcement on Thursday. This marks the second buyout from ChrysCapital’s ninth fund and its ninth business services buyout since inception.
Headquartered in Sunnyvale, California, Xoriant provides services and solutions focused on digital product engineering, cloud infrastructure and operations, security, data engineering/management, and analytics.
It also provides enterprise services, including applications development and maintenance to customers spanning the BFSI, high tech, healthcare, pharma, industrial manufacturing, retail, telecommunications, and automotive sectors.
“Given our experience in the space, we are confident of the value addition that ChrysCapital would bring to Xoriant in this journey. We are committed to building further on the company’s attractive client set, long-standing relationships, domain and service-line expertise as well as digital IT offering,” said Akshat Babbar, Director, ChrysCapital.
Servify acquires Jubi.ai
Servify, a global product lifecycle management platform, on Thursday announced that it has acquired Jubi.ai, an AI-driven engagement platform used to automate customer support and sales.
The cash and equity deal will see Jubi.ai become a wholly-owned subsidiary of Servify, the latter said in a statement.
All personnel in Jubi.ai will join Servify’s technology, product and innovation functions, following the deal, while the founders Subhadeep Bhattacharya and Souvik Das will become part of Servify’s product and engineering leadership teams, the statement added.
Started in 2017, Jubi.ai has a range of offerings targeted at automating sales and support conversations, leveraging deep-data and natural language processing (NLP) capabilities, including chat, video and vernacular commerce.