KloudData Inc. acquires Healthcare AI start-up Purple Data
KloudData announces acquisition of Purple Data, a Bangalore-based healthcare AI start-up company.
- Strengthens KloudData’s capabilities in the healthcare sector
- The synergy aims to look at predictive analytics in a new way
- To leverage Artificial Intelligence and Machine Learning on Open Source
Fremont, CA, April 11, 2017: KloudData, a leading software solutions provider with expert capabilities in combining mobility, analytics, enterprise, and UI/UX domains with a focus on healthcare, public sector and manufacturing has announced acquisition of Purple Data, a Healthcare AI startup company based out of Bangalore, India.
Purple Data customizes open source products that use machine learning and artificial intelligence. Under healthcare analytics, Purple Data provides predictive analysis for advanced patient care. The company uses machine learning; a type of artificial intelligence, to identify patterns in the user’s data and uses the patterns to populate analytical data.
KloudData constantly strives at building its capabilities in the technology space to offer best solutions to its customers across the globe. This acquisition will add focus and intensity towards transforming the business experience for KloudData customers in the healthcare sector. The announcement comes timely as last week KloudData launched its new product – KloudKare IntelliKx software suite for healthcare providers.
Prashant Parekh, CEO and Founder, KloudData said, “Analytics in healthcare is seeing revolutionary trends. With this acquisition, we hope to strengthen our capabilities in the field of artificial intelligence and machine learning to offer great products in healthcare.”
The synergy aims to look at analytics in a new way. Rajesh Iyengar and Ritika Nigam, Founders of Purple Data said, “KloudData’s expertise in the field of analytics, mobility and enterprise, and Purple Data’s strength in open source products can together result in pushing out intelligent analytics products in the market. This will help us drive customer success on a much larger scale.”
Talking about the acquisition, Miten Mehta, Co-founder, KloudData added, “Purple Data’s capability to quickly create various solutions using Open Source technologies will help KloudData and its accelerator Spinta, in providing its customers a very valuable service in building a quick and cost effective MVP. This will also be advantageous by reducing the time to market their ideas quickly.”
With the launch of KloudKare IntelliKx and Purple Data acquisition, KloudData offers a unique combination of an upgraded portfolio for advanced analytics solutions.
About Purple Data
Purple Data is an open source focused development company that works around customization, data visualization, analytics, BI and machine learning. Understanding the cost of human resource involved in any IT project, Purple Data makes life simpler for the client. The company customizes open source products and ensures it is best suited for clients with a minimalistic approach.
KloudData is a leading global software solutions provider with comprehensive, leading-edge capabilities in designing, delivering, and supporting Enterprise, Analytics and Mobility solutions with a focus on the Healthcare vertical. Our primary focus is to be a trusted partner and a strategic technology advisor to our clients. KloudData’s high value solutions help reduce costs, complexities and risks while improving operational efficiency and accelerating business growth through improved decision making at all levels.
KloudData is growing rapidly. We have more than 300 employees across the globe with offices and presence in USA (Headquarters), Thailand, India, and the UK to provide round-the-clock solution delivery and support to all our clients.
For more information, contact: