SAP service provider Vital Wires has acquired product innovation platform Two55am for Rs 3 crore ($500,000).
According to the company statement, Sumit Gandhi along with the entire team of Two55am design studio will also join the new entity. Sumit will remain a partner to the new unit and also head its global services.
“The new venture team will help us to develop much more offerings to our clients includes digital-UX Services around SAP, as well as for IOT, UX, Enterprise Mobility and Intranet initiatives,” said co-founder, Vital Wires Consulting, Vivek Gaur.
Founded in 2010, Two55am offers products include research, conceptualization, deployment, maintenance amongst others to the companies. It has delivered over 200 mobile apps and web products to firms since its inception.
The platform claims to have a presence of over 150 satisfied clients with 100 per cent track record.
Two55am serve companies of all sizes ranging from startups to fortune 500 companies like – Ford, PwC, Coca Cola, Nokia amongst others with expertise in iPhone, iPad, Android, Windows, among others.
Also Read: India chases China in Artificial Intelligence: Forms committee to make roadmap
Of late, the artificial intelligence-based platforms in the designing world have changed the narrative of the overall market. It has impacted the web development field as well ranging from web development services to web design, content development, product suggestions, and others are automated with the help of AI.
To remain connected with the emerging technologies, the Indian government also had formed a committee to make a roadmap to roll out a nationwide AI programme. The programme will include robotics and data analytics.
Under the programme, the government plans to offer incentives to startups and venture funds that undertake application-oriented research on AI across key sectors including banking, insurance, education, health, retail, and transportation.
The development was first reported by ET.