In a strategic expansion of its capabilities, APAC Salesforce Summit Partner Cloudwerx has acquired Lightfold, a leading data analytics and artificial intelligence (AI) consultancy in Australia. This alliance powers Cloudwerx’s strong sales force and automated solutions with Lightfold’s innovative approach to data analytics and AI, paving the way to deliver highly innovative solutions to customers in the APAC region. .
This acquisition marks Cloudwerx’s first venture after receiving an investment from Australia’s leading growth fund, CVC Emerging Companies, in May 2022. The merger of these two technology powerhouses paves the way for customers to access AI and intelligence tools. customer data that will drive and improve organizational capabilities. . This merger is expected to redefine the technology consulting landscape by offering clients a broader range of advanced data-driven services to maintain a competitive edge.
Speaking about the acquisition, Toby Wilcock, CEO of Cloudwerx, talks about the similar visions the two companies share. “Cloudwerx’s acquisition of Lightfold opens up exciting new opportunities for our customers, who can now access AI and customer data tools to drive organizational improvement. This partnership is set to redefine the technology consulting landscape, offering our clients a broader range of advanced solutions. , data-driven services to maintain a competitive advantage. Both companies share a vision to drive business transformation through cutting-edge technology, making this partnership a natural fit.
Lightfold, known for deploying the “modern data stack,” appeals to organizations in diverse industries such as financial services, telecommunications, retail and consumer goods, and high-tech. The synergy of Cloudwerx and Lightfold could mark the advent of the most advanced business solutions available, according to John Cosgrove, founder and CEO of Lightfold. “The future of competitive business advantage lies in the ability to use cloud-based systems that integrate customer information to surface insights and inform business decisions. At the heart of this transformation are pioneers like Cloudwerx and Lightfold, whose complementary strengths open up new possibilities. “
Roger Burgess, non-executive chairman and co-founder of Cloudwerx, also spoke about the strategic advantage of this acquisition and the impact it could have on their customers. “This acquisition complements our strategic investment in data analytics and AI technologies. Combining the two businesses will allow Cloudwerx to unlock operational efficiencies and deliver insights our customers never thought possible. Together, we are excited to deliver real-world data analytics. and AI solutions in one highly specialized team.”
After the merger, Cloudwerx plans to continue targeting enterprise and mid-market businesses in the retail and consumer goods, financial services, high-tech, healthcare and life sciences industries. , among others. It seeks to accelerate growth through superior cloud technology consulting services and solutions.
