Alithya to acquire Datum
by CM Staff
Datum employs over 150 professionals and services clients from the United States, Europe, India and Australia.
MONTREAL—Alithya Group inc. has entered into a binding agreement to acquire US-based Datum Consulting Group LLC and its affiliates for a purchase price of up to $57.5 million, including potential earn-out considerations of up to $16.4 million.
Datum is a provider of IP enabled digital transformation services for data-based insurers and other regulated entities such as state governments.
Headquartered in Indianapolis, the company specializes in application modernization and data migration. Datum employs over 150 professionals and services clients from the United States, Europe, India and Australia.
“I am proud to welcome Amar Bukkasagaram and the whole Datum team to the Alithya community. In Datum, we found a culture and vision in strong alignment with Alithya’s values and corporate objectives along with a global team of experts who service the world’s leading insurance companies. Datum’s highly skilled team as well as its suite of 14 proprietary products and cloud-based software as a service offering will help us add scale in these areas as we continue our growth and transformation initiatives,” said Paul Raymond, president and CEO of Alithya in a statement.