Mumbai headquartered government advisory firm Sapio Analytics has successfully completed the acquisition of KGS Microsystems LLP for an undisclosed sum. KGS Microsystems is a decade old digitization technology company that counts Asiatic Society, Ministry of Culture, Reserve Bank of India, and Securities and Exchange Board of India amongst its customers.
The acquisition by Sapio Analytics will be completed under a conditional term sheet, where KGS Microsystem’s co-founder A Parvez Banatwala will head the smart ‘analogue to digital’ conversion projects of the entity.
With the acquisition, Sapio Analytics views KGS Microsystem’s access to esteemed clientele in law enforcement, publications, heritage libraries, defence and public sector undertakings as an addition to the company’s value.
In a statement, Hardik Somani, Director and Chief Operating Officer of Sapio Analytics, explained that the company’s artificial intelligence has so far been driven by the voice of millions of citizens, and multiple world leaders and field experts. However, with KGS Microsystem LLP’s acquisition, the firm’s AI will hereafter also be powered by analogue intelligence.
Sapio Analytics is currently positioned as a trusted government partner, working as an artificially intelligent shadow government support system. It works directly with citizens holding data points that are valuable to the government and policymakers. Its heritage restoration division employs AI and field expertise to present restored facets of Indian heritage to the world.
Sapio Analytics will require the smart digitalisation technology of KGS Microsystems to build digital archives for millions of historical records as part of its smart healthcare segment. The law enforcement, economic growth and local administration sectors of the firm will also profit from the smart digitalisation technology mastered by KGS Microsystems.
Having worked on 25 million records of the 250 years old Asiatic Society, KGS Microsystems is now gunning to become the leading name in digitization across the developing world with this acquisition. It currently has active contracts of over $1 million and a pipeline of $20 million, engaged in the digitalisation of hundred of millions of images.