Mon, 13/01/2014 - 06:02
HIG Capital’s portfolio company Infogix has completed the acquisition of Agilis International, a provider of predictive data analytics and reconciliation solutions focused primarily in the telecom and media sector.
Founded in 2003 in Rockville, Maryland, Agilis’ integrated data warehouse and analytics platform helps clients improve revenues and generate savings by deriving insight from large data sets to predict and optimise business outcomes.
A core application of Agilis is in risk management where the product offering prevents, predicts or identifies financial risks on a real-time basis. In addition, the company also provides predictive propensity scoring to allow companies to more effectively target incremental revenue opportunities.
Agilis will operate as a division of Infogix.
Rick Rosen, executive managing director of HIG, says: "Infogix has grown significantly since we acquired the business in 2012, particularly in healthcare and financial services. We believe Agilis adds tremendous value to our Infogix platform by adding a fast growing, third vertical and enhancing our product line through its industry leading predictive analytics and big data technology.”
Sumit Nijhawan, CEO of Infogix, says: “The addition of Agilis accelerates our R&D roadmap and will bring new innovations to Infogix’s product suite. Although we will continue to stay focused on our data integrity and analytics solutions that have earned our customers’ trust over the last thirty years, we hope to augment our offering with cutting edge solutions that anticipate and address our customers’ future business challenges."
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