Aurionpro Solutions Acquires Arya.ai to Boost Enterprise AI Platforms

On April 19, 2024, Aurionpro Solutions informed in an exchange filing that the company acquired Arya.ai to power next-generation enterprise AI platforms for financial institutions worldwide.

Details of the Acquisition

Aurionpro Solutions Limited announces the strategic acquisition of Mumbai-based Banking and Insurance focused Platform as a Service (PaaS) startup Arya.ai.

With Arya.ai, Aurionpro Solutions will remarkably enhance its portfolio of enterprise fintech offerings to expedite the adoption of AI that is responsible, accurate, and auditable, aligning strongly with the rapidly evolving demands of Banks and Insurers.

The company stated that, under the terms of the agreement, Aurionpro Solutions Ltd will acquire a majority stake, 67%, in Arya.ai. This acquisition will bring products and experience in Artificial Intelligence, Intelligent Automation, Deep Learning, Autonomous AI Platforms, PaaS, and tailored industry solutions to complement and support Aurionpro’s existing industry-leading portfolio. More than 100 banks and insurers across Asia trust Arya.ai Enterprise AI solutions.

The transaction includes the acquisition of shares held by the existing shareholders and the subscription of new equity capital in the company. This will be an all-cash deal. The aggregate investment including secondary acquisition and fund infusion is approximately 16.5 million USD.

By integrating Arya.ai’s cutting-edge AI cloud platform with Aurionpro’s wide range of offerings, the company intends to create an industry-leading Enterprise AI platform sharply focused on creating value for financial institutions globally. Leveraging Arya.ai’s expertise in AI solutions and extensive governance tools will greatly accelerate Aurionpro’s vision of creating the next generation of highly differentiated software that leads the industry in helping financial Institutions realise true business value from Enterprise AI.

Commenting on the acquisition, the CEO of Aurionpro Solutions, Ashish Rai, said, “The acquisition of Arya.ai brings together Aurionpro’s portfolio of industry-leading enterprise software with one of the most mature Enterprise AI platforms focused on the needs of Banks and Insurers.”

He further added, “It also brings together probably the most talented enterprise-focused AI/ML team in Asia with Aurionpro’s deep domain expertise and strengths to build highly differentiated Enterprise software. We are probably going through the most significant platform shift in the industry, and we are incredibly excited about working with Arya.ai and our wider ecosystem partners to build out the leading enterprise AI platform for the financial industry worldwide.”

About Aurionpro Solutions

Aurionpro Solutions Limited is an advanced technology solutions company that caters to the requirements of the banking, government, payments and mobility sectors.

On April 19, 2024, the share price of Aurionpro Solutions Ltd opened at ₹2,275.00, touching the day’s high at ₹2,436.85, as of 12:51 PM on the NSE.

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