Strategic Acquisition to Accelerate Innovation in Financial Services
Linedata, a global provider of asset management and credit technology, data, and services, has announced the acquisition of NROAD, a specialist in AI-enabled automated unstructured financial data processing. This acquisition, involving NROAD’s operations in Pune, India, and Boston, marks a significant milestone in Linedata’s strategy to enhance its capabilities in managing complex financial data through AI.
“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.”
The integration of NROAD’s specialized AI agents, domain-specific solutions, and proprietary CONVUS platform into Linedata’s portfolio will provide a more powerful suite of tools for asset managers, credit institutions, and compliance teams. This unified approach will help clients streamline operations, reduce costs, and uncover deeper insights, addressing the 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 and expanding its AI expertise. 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.
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.”