INDIAN BUSINESS
Linedata Invests in Future of Finance: Acquires AI Specialist NROAD
The acquisition brings together complementary AI technologies and deep financial software & data expertise to accelerate innovation.
Pune,April 7, 2025 – Linedata,(Euronext Paris:
LIN), a global provider of asset management and credit technology, data,
and services, today announced the acquisition of NROAD, a proven specialist in
AI-enabled automated unstructured financial data processing based in Pune,
India and Boston.
This
strategic milestone enhances Linedata’s capabilities and transforms its
approach to helping financial institutions manage complex, volatile, and
unstructured data through AI. As financial data volumes continue to grow
exponentially, the acquisition, combining NROAD’s shared vision, will help
clients streamline operations, reduce costs, and uncover deeper
insights.
By
integrating NROAD's specialized AI agents, domain-specific solutions, and its
proprietary CONVUS platform into Linedata’s portfolio, the unified
company will deliver a more powerful suite of tools for asset managers,
credit institutions, and compliance teams. With the integration, Linedata
will be able to address a growing demand for scalable AI-driven solutions
that accelerate decision-making and improve operational resilience.
The
acquisition also strengthens Linedata’s position in the U.S. market, leveraging
NROAD's strong regional presence, while expanding its AI bench. NROAD’s
existing clients—including global banks, rating agencies, and payment
processors—will benefit from enhanced infrastructure, broader support, and an
expanded roadmap for innovation.
“We are
delighted to welcome NROAD to the Linedata family,” said Anvaraly Jiva, Founder
and CEO of Linedata. “This acquisition demonstrates our unwavering commitment
to investing in transformative technologies that enable our clients to
excel in today’s data-driven environment. NROAD’s AI-powered financial data
processing expertise perfectly aligns with our strategic vision, allowing
us to deliver exceptional value to our clients. Aashish and his team of
seasoned executives, including data scientists and AI experts bring extensive
experience in building and marketing successful fintech solutions for
enterprises, which will be key in integrating and promoting a combined
offering. Having them onboard is a new and thrilling step for Linedata.”
Aashish
Mehta, Founder and CEO of NROAD, stated, “Joining Linedata represents a
significant milestone for NROAD. Linedata’s global reach and established
infrastructure will allow us to expand the reach of our AI solutions,
accelerate our growth, and, more importantly, fast-track innovation and create
additional value for our clients. We are excited to collaborate with
Linedata to drive innovation and transform how financial enterprises
manage and leverage unstructured data.”
ABOUT LINEDATA
With over 25
years of experience and 700 clients in 50 countries, Linedata’s 1300 employees
in 20 offices provide global humanized technology solutions and services
for the asset management and credit industries, helping its clients
evolve and operate at the highest levels. Headquartered in France, Linedata
achieved revenues of EUR 183.7 million in 2024 and is listed on Euronext
Paris compartment B FR0004156297-LIN – Reuters LDSV.PA – Bloomberg LIN:FP.
linedata.com
ABOUT NROAD
NROAD
transforms financial services with targeted AI agents and vertical solutions
that process unstructured content at scale. Leveraging years of
experience creating innovative fintech solutions for enterprises, we solve
the industry's complex data challenges with intelligent automation,
empowering enterprises to streamline operations, boost accuracy, and
drive strategic decisions. Our team's deep understanding of enterprise nuances
ensures our domain-led AI seamlessly optimizes critical financial workflows.
NROAD is dedicated to AI innovation, providing the tools and insights
needed to thrive in the data-driven future. We build AI that understands the
unstructured content and language of finance.
Press
contact
Shradha
Mehra
9711871108
shradha@talkingpointcommunications.com
Arit Kumar Panja
8860297174
arit@talkingpointcommunications.com
