Datamatics shares surge 15% after company partners with Microsoft

Datamatics Global Services has seen its shares jump 15%, reaching ₹618.60, following the announcement of its new partnership with Microsoft. The collaboration focuses on developing copilot solutions for process automation, designed to accelerate business transformation.

The newly launched Partner On-boarding Copilot, available on the Microsoft Teams store, integrates Azure OpenAI with Datamatics’ Intelligent Automation Platform. This innovation allows Datamatics to offer customized solutions tailored to each client’s needs, rather than a one-size-fits-all approach. The partnership was prominently featured at the Microsoft Build 2024 conference in Seattle, where Datamatics was recognized as a notable ISV for its custom copilot solutions.

Additionally, Datamatics has been included in Microsoft’s “AI First Movers” series, which highlights companies making significant strides in AI. This recognition and the promising new partnership have contributed to the positive market reaction.