Alithya closes acquisition of Datum

Rhea-AI Summary

Alithya Group (TSX: ALYA) has successfully closed its acquisition of Datum Consulting Group, a leader in digital transformation services for data-oriented insurers and regulated entities. The acquisition enhances Alithya's capabilities, particularly in application modernization and data migration, serving major clients including six of the top ten US health insurers. Datum contributes a workforce of over 150 professionals across the US, Europe, India, and Australia, aligning with Alithya’s strategic vision to elevate its consulting services in various sectors.

Positive

• Acquisition of Datum strengthens Alithya's position in digital transformation services.
• Enhanced service offerings in application modernization and data migration.
• Access to a client base including 6 of the top 10 US health insurers.

Negative

• None.

MONTREAL, July 1, 2022 /PRNewswire/ - Alithya Group inc. (TSX: ALYA) (NASDAQ: ALYA) ("Alithya") is pleased to confirm the closing of its previously announced acquisition of Datum Consulting Group, LLC and its affiliates ("Datum" or "the Company").

Datum is a leader in IP enabled digital transformation services for data rich insurers and other regulated entities such as state governments. The Company services the world's foremost insurers including 6 of US' top 10 health insurers and specializes in application modernisation and data migration with the use of leading-edge software and services focused on information capture, content management and application and rules modernization. Datum employs over 150 professionals and supports its global clients from the United States, Europe, India and Australia.

About Alithya

Alithya is a North American leader in strategy and digital transformation, employing a dedicated and highly skilled workforce of 3,700 professionals in Canada, the United States, and internationally. Since its founding in 1992, Alithya's capacity, size, and capabilities have continuously evolved, guided by a long-term strategic vision to become the trusted advisor of its clients. The company's integrated offer is based on four pillars of expertise: business strategies, enterprise cloud solutions, application services, and data and analytics. Alithya deploys leading-edge solutions, services, and skills as one of the most prominent consulting firms, driving successful digital change as a trusted advisor to customers in a variety of sectors, including financial services, manufacturing, renewable energy, telecommunications, transport and logistics, professional services, healthcare, government, and beyond.

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SOURCE Alithya

FAQ

What is the significance of Alithya's acquisition of Datum Consulting Group?

The acquisition strengthens Alithya's capabilities in digital transformation services, focusing on data-rich environments.

When was Alithya's acquisition of Datum announced?

The acquisition was confirmed on July 1, 2022.

How many professionals does Datum employ?

Datum employs over 150 professionals globally.

What sectors does Datum primarily serve?

Datum specializes in services for insurers and regulated entities, including state governments.

What impact does the acquisition have on Alithya's market presence?

It positions Alithya as a stronger player in the digital transformation consulting market, particularly in the insurance sector.