Aurionpro Solutions Acquires AI Startup Arya.ai: A Strategic Move in the Digital Frontier

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Aurionpro Solutions Acquires AI Startup Arya.ai: A Strategic Move in the Digital Frontier

Team FS

19/Apr/2024

Key Points:

Strategic Acquisition: Aurionpro Solutions Limited announces the acquisition of Arya.ai, a pioneering AI startup known for its innovative Deep Learning solutions tailored for enterprises.
Industry Impact: The acquisition propels Aurionpro into the forefront of Enterprise AI, enhancing its offerings for the financial sector with Arya.ai's cutting-edge platform.
Deal Details: The all-cash transaction, valued at INR 135.20 Crores, marks a significant step towards Aurionpro's vision of delivering unparalleled value through advanced AI technology.

In a strategic move set to redefine the landscape of Enterprise AI, Aurionpro Solutions Limited announces the acquisition of Arya.ai, a pioneering AI startup renowned for its innovative Deep Learning solutions. Founded by Vinay Kumar Sankarapu and Deekshith Marla from IIT Bombay in 2013, Arya.ai has been at the forefront of leveraging AI to drive transformative change across various sectors.

Empowering Financial Innovation
With the acquisition of Arya.ai, Aurionpro Solutions catapults itself into the forefront of Enterprise AI, particularly within the financial domain. Arya.ai's comprehensive suite of AI solutions, tailored for the BFSI sector, equips financial institutions with advanced ML models, tuning services, and governance tools, enabling them to unlock new opportunities for innovation and growth.

Driving Value through Transformation
The all-cash transaction, valued at INR 135.20 Crores, signifies Aurionpro's commitment to delivering unparalleled value through advanced AI technology. By integrating Arya.ai's cutting-edge AI cloud platform with its existing offerings, Aurionpro aims to create an industry-leading Enterprise AI platform, sharply focused on delivering exceptional value for financial institutions globally.

Transparent and Streamlined Process
The acquisition of Arya.ai falls outside the realm of related party transactions, ensuring transparency and adherence to corporate governance norms. Additionally, regulatory approvals are not required for the transaction, streamlining the process towards completion.

Conclusion:
As Aurionpro Solutions embarks on this transformative journey, the acquisition of Arya.ai stands as a testament to the company's commitment to innovation and delivering cutting-edge solutions. With a steadfast focus on driving value and fostering innovation, Aurionpro is well-positioned to lead the charge in shaping the future of Enterprise AI in the financial sector and beyond.

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Aurionpro Solutions Acquires AI Startup Arya.ai: A Strategic Move in the Digital Frontier

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