Story image

Versent acquires AI specialist Contexti

26 Mar 2019

Versent announced its acquisition of Sydney-based, actionable insights business, Contexti.

Contexti has a proven track record in Australia in creating value from data for hundreds of customers, including Caltex, Seven West Media (SWM) and SAI Global. 

The acquisition, effective immediately, will see the Contexti team embed with the Sydney-based Versent team at its O’Connell Street offices.

Thor Essman, CEO and founder of Versent said this was a timely acquisition, as the ability to make data-driven decisions through actionable insights is a ‘must-have’ for enterprise today.

“The acquisition of Contexti will boost our ability to respond to the increasing demand for machine learning, data analytics and data aggregation solutions. 

“Our deep expertise in Amazon Web Services (AWS) Cloud, and automation, combined with Contexti’s proven track record delivering automated AI solutions, big data development and data warehouse solutions for Australian enterprise, means we can now offer our customers a complete data and analytics solution.” 

Contexti’s current partner roster, with high growth data technologies like Snowflake, Talend and Streamsets will now fall under new agreements with Versent.

“Since founding Contexti we’ve been on a mission to help our customers create value from data. With an aligned priority on people, culture and values, we’re thrilled to continue and expand our work under the Versent banner,” added Contexti CEO Sidney Minassian.

The acquisition of Contexti supposedly reaffirms Versent’s continued dedication to delivering better technology outcomes for its customers and the industry.

“We always deliver ‘done, done’ projects in a timeframe that is unprecedented in the tech industry. 

“Bringing the Contexti team into the Versent family and bolstering our data offer to the Australian enterprise will give our customers, and future customers access to the best minds and solutions in the industry, all under one roof.”

“I am genuinely excited about what the next 12 months have in store for Versent and our customers,” concluded Essman.

Contexti’s CEO, Sidney Minassian, will continue on with Versent in an advisory capacity until the end of the financial year.

Data#3 wins learning and development award two years running
Chief Learning Officer magazine’s LearningElite programme honours the best organisations for learning and development.
Hootsuite leads the social engagement charge - Forrester report
“Hootsuite leads the pack with its seller focus and scale,” writes Forrester principal analyst Mary Shea.
The fight for power in the Fourth Industrial Revolution
"Like the industrial revolutions before it, the Fourth Industrial Revolution highlights the role of new technologies in society."
Intel releases 8th gen vPro mobile processors
This generation promises longer battery life, better performance, and comes with a built-in hardware security solution, Intel Hardware Shield.
Unisys encourages financial institutions to adopt open banking
“It establishes the bank as an integral part of the customers’ life – a ‘one-stop-shop’ where they can get personalised products and services they want, when they want them.”
Developers use Intel AI to solve some of the world’s biggest challenges
Risab Biswas developed a computer vision application to help farmers more easily detect pathological disease in their plants.
Smarter cities through cross-border and G2G collaborations
"As countries race ahead in their bid to accelerate smart city development through industrialisation, the environment and ultimately humanity is paying the price for this phenomenon."
SingularityNET CEO discusses the future of AI
"In my view, AI will eliminate essentially all need for humans to do practical work."