“Versent Acquires AI Specialist Contexti”

(Newsdesk, IT Brief Australia, 26 March 2019)

“The acquisition of Contexti will boost Versent’s ability to respond to the increasing demand for ML, data analytics & data aggregation solutions”.

Versent announced its effective immediately acquisition of Sydney-based, actionable insights business, Contexti. 1) A proven track record in Australia in creating value from data for hundreds of customers (e.g., Caltex, Seven West Media & SAI Global). 2) Thor Essman, CEO & founder of Versent: A) “This was a timely acquisition, as the ability to make data-driven decisions through actionable insights is a ‘must-have’ for enterprise today”. B) “The acquisition of Contexti will boost our ability to respond to the increasing demand for ML, data analytics & data aggregation solutions.” 3) Contexti’s current partner roster, with high growth data technologies (e.g., Snowflake, Talend & Streamsets) will now fall under new agreements with Versent. 4) Contexti CEO Sidney Minassian: “Since founding Contexti we’ve been on a mission to help our customers create value from data.  We’re thrilled to continue & expand our work under the Versent banner”. 4) The acquisition of Contexti supposedly reaffirms Versent’s continued dedication to delivering better technology outcomes for its customers & the industry. 5) Conclusions: A) Bringing the Contexti team into the Versent family & bolstering their data offer to the Australian enterprise will give to their customers, access to the best minds & solutions in the industry all under one roof. B) In the next 12 months, we will see more in store for Versent & customers. C) Sidney Minassian will continue on with Versent in an advisory capacity until the end of the financial year.

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