According to a recent press release, “Data Dynamics announces its intent to acquire Infintus Innovations Pvt. Ltd, with the acquisition to close before the end of the year. Infintus is a data analytics company that automates and analyzes unstructured data using AI. The addition of Infintus enables Data Dynamics to provide content level analytics, thus offering more granularity into the visibility of data and complementing its metadata-driven analytics, policy-based movement, and management capabilities.”
The release goes on, “80% of the data in an enterprise is unstructured and growing 60% year on year. Fast-growing unstructured data presents a significant compliance risk to large enterprises. Meeting regulatory requirements such as HIPAA, GDPR, or the impending CCPA regulation requires an understanding of the contents within the data. A lack of knowledge of personally identifiable information (PII) creates exposure in how it is stored, archived, and accessed. Additionally, there is a wealth of information within the data to drive more informed decisions and provide a competitive advantage. With this acquisition, Data Dynamics’ analytics capability will expand to include content analytics, data classification, and content search. This will allow customers to address PII, compliance, and e-discovery challenges, thus enabling them to utilize data in business.”
Piyush Mehta, CEO of Data Dynamics, commented, “We are excited to bring Infintus and its talented team members into the Data Dynamics family. The combined software platform will provide a unique perspective to data management that does not exist in the industry today. Our customers are asking for a single platform to modernize, manage, and secure their data while meeting compliance requirements and extracting the highest value. This acquisition will accelerate our client’s ability to move in this direction towards accomplishing that goal.”
Read more at Newswire.
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