Computer Age Management Services Limited (CAMS), India’s leading technology infrastructure and services provider for financial services industry catering to mutual funds, alternative investment funds, portfolio managers, pension funds and the insurance industry announced the acquisition of a majority stake in Think Analytics India Private Limited (Think360 AI), a full-stack AI and data sciences firm, which provides innovative solutions using digital technologies like advanced analytics, AI/ML and mobile & cloud computing.
Managing Director-CAMS, commented on the acquisition: “With AI, Analytics, and data-driven technologies becoming more widely used to solve problems and transform and grow businesses, we saw investing in Think360 AI as a good opportunity to help CAMS expand its overall market reach and drive innovation in the rapidly growing BFSI and capital markets space. Think360 AI’s product and solution suite is a great fit for our Account Aggregator offering, which will help us solidify our position as a digital public infrastructure. We were also impressed by the founding team’s successful journey of bootstrapping, building, and scaling the company.”
Mr. Amit Das, Co-Founder & CEO of Think360 AI, commented on this development, saying, “The Think360 AI team is thrilled to be a part of the CAMS group, a company that has achieved long-term leadership in the financial technology domain. CAMS and Think360 AI’s collaboration will primarily focus on bringing high-impact innovation to the financial services landscape and creating market-leading advantages for our clients. This will also strengthen our ability to capitalise on the enormous potential of the Account Aggregator market.” “Collaboratively, we look forward to driving true transformation with next-generation technologies,” he added.