The funding will support further global expansion through organic growth and acquisitions.
Antuit Holdings Pte Ltd, a Big Data solutions company headquartered in Singapore, has secured an investment of up to $56 million led by Goldman Sachs, a leading global investment bank, and Zodius Capital, an original founding investor.
The funding will support further global expansion through organic growth and acquisitions.
Founded in 2013 by CEO Arijit Sengupta and Neeraj Bhargava, CEO and Senior Managing Director, Zodius, Antuit is an execution-oriented Big Data solutions firm that enables enterprise clients to unlock business value from "big and little data" through a spectrum of data management, visualisation, predictive and optimisation solutions.
The company offers an Analytics-as-a-Service model which integrates people, products and methodologies seamlessly in two core areas: Supply Chain & Operations, and Sales & Marketing. Today, Antuit's global client base includes eight Fortune Global 500 companies, including Avon, Fonterra, Hyatt and Orix Corporation. The company has offices in New York, Seattle, Singapore, Bangalore and Auckland.
Arijit Sengupta, CEO, Antuit, said, "The rapidly growing $10 billion plus Big Data services market is ripe to be organized and consolidated under a market leader. Goldman Sachs, an experienced investor in technology and services, brings us not only capital, but also deep expertise around how to grow into such a company and a global network of corporate relationships which will be instrumental to Antuit's success."
Ankur Sahu, Co-Head, Private Equity, Goldman Sachs in Asia said, "We believe Big Data analytics can be the next wave of global services and the industry is in the same early stage as IT Services in the 1990s and Business Process Outsourcing in the early 2000s. Driven by increasing data generation, faster processing speed and the evolution of data sciences, the market has tremendous growth potential."
Neeraj Bhargava, CEO and Senior Managing Director, Zodius, noted, "Antuit has established a strong portfolio of global clients with which to build a market-leading, high-growth company. The company's modular solutions uniquely combine an understanding of industry, business and data science to deliver better revenues, cost efficiencies and investment decisions for customers."
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