In a significant move solidifying its position as a major force in the digital transformation landscape, Altimetrik, a pure-play AI, data, and digital engineering company, has successfully completed its acquisition of SLK Software. The approximately $600 million deal creates a global AI-first engineering powerhouse, combining the strengths of two leading firms to accelerate enterprise modernization for a diverse client base. This strategic merger unites a global team of over 10,000 professionals across more than 17 countries and boosts the combined entity's customer base to over 150 enterprise clients, including numerous Fortune 500 companies.[1][2] The acquisition is a clear indicator of Altimetrik's ambitious growth strategy, putting it on an accelerated path toward its goal of achieving $1 billion in annual revenue.[3][4] As part of the transition, SLK Software will now operate under the new identity of "SLK, an Altimetrik company."[1]

The core rationale behind this acquisition is the powerful synergy created by merging Altimetrik's AI-first, platform-native engineering model with SLK's comprehensive technology services stack.[5][3] Altimetrik has built a reputation for its data and AI-led deployments and a "bite-sized" approach that delivers high return on investment for clients.[6] The integration of SLK, a firm recognized for its expertise in AI, intelligent automation, and analytics, significantly enhances these capabilities.[5][3] The unified organization will offer a full continuum of AI-first enablement, spanning data, engineering, intelligent operations, and automation.[1] This allows the new entity to move enterprises beyond the experimental phase of AI adoption to full-scale implementation and continuous value creation.[1] Leadership from both companies have emphasized that this is not a traditional integration but a "strategic acceleration," designed to scale what they do best: solving complex business problems with precision and speed.[5][3] This strategic alignment combines SLK's proficiency in Intelligent Enterprise, infrastructure management, and digital operations with Altimetrik's core strengths in Data and AI, cloud modernization, and product engineering.[1]

A central pillar of the newly expanded company will be its intensified focus on artificial intelligence as the primary driver of business value. Altimetrik's CEO, Raj Sundaresan, noted that in today's environment, AI—particularly Generative AI and Machine Learning—is the engine for true business value.[2][3][4] He stressed that enabling an "AI-First" business requires a robust data cloud infrastructure grounded in rigorous product and platform engineering, a capability significantly bolstered by the acquisition.[3][4][7] The merger is designed to meet the growing demand from customers for digital, AI-driven solutions that can create business value with unprecedented speed and scale.[3][7] By combining their respective strengths, the company is poised to help clients modernize legacy systems while ensuring world-class governance, compliance, and platform security.[7] The expanded entity will also leverage an enhanced partnership network that includes industry pioneers like OpenAI, AWS, Snowflake, and Databricks, further solidifying its position at the forefront of AI-driven innovation.[8][7]

This acquisition, backed by TPG Capital which acquired a majority stake in Altimetrik in 2024, also signifies a major consolidation in the digital engineering services sector.[5][9] The deal underscores a key investment thesis focused on backing strategic technology providers that lead the data and AI transformation journey for clients.[6][7] The combination creates an AI-first digital engineering platform with the scale and execution capability to deliver meaningful outcomes across a wide range of industries, including financial services, manufacturing, healthcare, and technology.[8][4][7] The unified company will serve a diverse global client base, leveraging SLK's deep customer relationships and operational footprint to deliver innovation-led value.[5][8] This expanded global reach, with over 20 engineering centers, allows the firm to offer a practitioner-led approach, merging deep domain expertise with modern digital operating models to accelerate time-to-value for clients.[1][10]

In conclusion, Altimetrik's acquisition of SLK Software for $600 million represents a transformative step in the creation of an AI-first engineering services leader.[5] The merger is about more than just increasing scale; it is a strategic move to reshape how businesses harness AI to achieve real, measurable impact and responsible growth in an increasingly intelligent world.[1][10] By uniting their complementary strengths, Altimetrik and SLK are positioned to accelerate enterprise modernization and unlock transformative value for their clients globally.[11][10] The combined entity's deep expertise in data, engineering, and automation, backed by a significant global talent pool, establishes it as a formidable player prepared to define the future of digital transformation.