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Data Center News > Blog > Global Market > Solvd Acquires EastBanc Technologies to Drive Its New AI-Strategy
Global Market

Solvd Acquires EastBanc Technologies to Drive Its New AI-Strategy

Last updated: October 8, 2024 3:33 pm
Published October 8, 2024
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Solvd Acquires EastBanc Technologies to Drive Its New AI-Strategy
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International software program engineering and expertise consulting agency, Solvd, has introduced its acquisition of EastBanc Applied sciences, a U.S.-based AI consulting firm. This transfer aligns with Solvd’s technique to broaden its capabilities in synthetic intelligence (AI) and speed up the event of AI-driven services and products.

With its headquarters in California, Solvd is a full-service software program engineering and consulting agency with greater than 800 staff unfold all through Europe, North America, and Latin America.

EastBanc Technologies, headquartered in Washington, D.C., brings over 20 years of IT consulting expertise throughout each authorities and personal sectors. The corporate makes a speciality of key areas akin to Product Growth, Infrastructure & DevOps, Knowledge, and AI. These capabilities are anticipated to bolster Solvd’s present providers whereas serving to purchasers transition into the AI period.

The acquisition grants Solvd entry to EastBanc’s extremely expert staff of engineers, together with the experts behind the book ‘AI Driven: Staying Alive in the Age of Digital Darwinism.’ Solvd goals to leverage this expertise to reinforce its shopper choices and supply the mandatory instruments and techniques for companies to thrive in a quickly evolving AI panorama.

AI Innovation, Engineering Tradition

Solvd CEO Adam Gabrault emphasised the significance of AI as a market alternative. “We’re refocusing via this acquisition to assist our purchasers succeed within the AI period, realizing that the maturity of artificial intelligence pushed by GenAI options is a large market alternative,” stated Mr. Gabrault. He famous that conventional IT providers centered on labor arbitrage and system integration are now not sufficient to fulfill the demand for AI experience in main companies. By combining EastBanc’s strengths with Solvd’s experience in digital engineering, the corporate claims to be well-positioned to fill this hole.

See also  Schneider Electric Acquires Liquid Cooling Firm Motivair for $850M

EastBanc Applied sciences Chairman Wolf Ruzicka echoed these sentiments, calling AI one of the vital revolutionary developments in human historical past. He highlighted the significance of harnessing AI’s potential for the good thing about prospects, companions, and workers. Based on Mr. Ruzicka, the partnership between EastBanc and Solvd displays a shared dedication to innovation and a forward-thinking engineering tradition.

Solvd additionally unveiled a suite of recent AI-driven service options aimed toward serving to companies at varied phases of their AI adoption. These choices embody a 12- to 24-month AI technique plan, an AI Maturity Index to determine areas for AI activation, and AI Innovation-as-a-Service, which focuses on growing MVPs to speed up AI integration.

As well as, Solvd plans to host a sequence of government roundtables throughout a number of cities this 12 months. These occasions will deliver collectively AI trade pioneers and thought leaders to debate the way forward for AI and its influence on varied sectors. The discussions are designed to offer actionable insights that contributors can apply to their very own organizations as they navigate the challenges and alternatives introduced by AI developments.

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TAGGED: acquires, AIStrategy, drive, EastBanc, Solvd, Technologies
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