Tredence Expands Financial Consulting via Further Advisory Acquisition
Tredence Strengthens Its Consulting Services
Tredence, a leader in data science and AI solutions, has recently taken a significant step in enhancing its financial services expertise. The company announced its acquisition of Further Advisory, a management consulting firm renowned for its expertise in the banking, financial services, and insurance sectors. This strategic merger promises to blend Tredence's innovative analytics and AI capabilities with Further Advisory's extensive industry experience.
About Further Advisory
Founded in 2020, Further Advisory has rapidly established itself as a trusted name within management consultancy. The firm specializes in a variety of critical areas, including technology transformation, go-to-market product strategies, and leadership initiatives specifically tailored for the financial services landscape.
Leaders Discuss the Acquisition
Expressing enthusiasm about the acquisition, Shub Bhowmick, CEO and Co-founder of Tredence, noted, "We are thrilled to welcome Further Advisory into the Tredence Family. Their industry knowledge and practical approach to strategic consulting perfectly complement our data-driven solutions. Together, we will empower organizations to make smarter decisions, faster."
Further emphasizing the strategic significance of the merger, Jeff Catalina, CEO of Further Advisory, commented, "This is more than an acquisition—it's a strategic alignment of strengths. By merging our financial consulting expertise with Tredence's top-tier AI and analytics solutions, we are poised to help clients navigate transformations, enhance efficiency, and achieve a competitive edge."
Enhancing Client Experiences
The acquisition significantly enhances Tredence's capabilities by providing clients access to advanced services, including AI-powered machine learning, predictive analytics, and data engineering solutions. This move also secures Tredence a more formidable position in the competitive banking, financial services, and insurance industries.
Sumit Mehra, Chief Technology Officer and Co-founder of Tredence, expressed his excitement regarding the collaboration, saying, "I am very excited by the growth opportunities this partnership brings to both Tredence and Further. We look forward to Further Advisory's highly experienced team joining forces with Tredence's cutting-edge data and AI capabilities, benefiting our clients as they navigate the evolving landscape of data and analytics."
Shared Vision for Innovation
Both Tredence and Further Advisory share a robust entrepreneurial spirit and a shared vision to harness the power of data and AI for impactful business outcomes. By pooling their strengths, the two firms are dedicated to offering unparalleled solutions to their clients across various sectors.
About Tredence
Tredence stands out in the competitive landscape of data science and AI solutions, focusing on eliminating the last-mile challenges in AI applications—bridging the gap between insights generated and the realization of value. With a robust team of over 3,500 employees and offices located across major cities such as the San Francisco Bay Area, Chicago, London, Toronto, and Bengaluru, Tredence serves a diverse portfolio of clients, including some of the largest companies in Retail, Consumer Packaged Goods (CPG), Banking, Financial Services, Healthcare, Telecom, Travel, and Hospitality, along with other industrial sectors.
Frequently Asked Questions
What is the main purpose of Tredence's acquisition of Further Advisory?
The acquisition aims to strengthen Tredence's consulting capabilities in the financial services sector by combining its data analytics expertise with Further Advisory's industry knowledge.
In which sectors does Further Advisory specialize?
Further Advisory specializes in banking, financial services, and insurance, offering consulting services such as technology transformation and product strategies.
Who leads Tredence?
Tredence is led by co-founders Shub Bhowmick and Sumit Mehra, who are dedicated to enhancing the company’s data-driven solutions.
How will this acquisition benefit clients?
Clients will gain access to advanced AI, machine learning, and predictive analytics capabilities, helping them tackle complex business challenges more effectively.
What is Tredence's focus in the AI sector?
Tredence focuses on solving the last-mile problem in AI, ensuring that insights generated lead to tangible business value for its clients.
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