The Hackett Group, Inc., a leading Gen AI strategic consultancy and executive advisory firm announced the acquisition of LeewayHertz, a highly recognized provider of advanced Gen AI solutions. This acquisition marks a significant milestone in The Hackett Group’s aggressive strategy to become a leading architect of its clients’ Gen AI journey. The transaction combines Hackett’s enterprise Digital transformation World Class IP with LeewayHertz’s Gen AI advanced solutioning and implementation capabilities, as well as their respective market leading AI XPLR and ZBrain.ai software platforms. The Gen AI consulting and software platform combinations are expected to result in a comprehensive end to end capability that accelerates and enhances its client’s ideation through implementation AI initiatives.
Strategic Integration of AI XPLR and ZBrain
The combination of AI XPLR and ZBrain is expected to redefine how enterprises evaluate and implement AI across their operations. AI XPLR version 2, The Hackett Group’s innovative Gen AI powered platform, provides ideation and design of AI solutions using its breakthrough simulation functionality. By integrating with ZBrain’s advanced Gen AI orchestration platform, this combination is expected to result in an end-to-end platform that not only simulates an organization’s Use Cases opportunities, but also evaluates its feasibility, ROI and accelerates implementation and deployment.
“We are thrilled to welcome Akash Takyar and the entire LeewayHertz team into The Hackett Group family,” said Ted A. Fernandez, Chairman & CEO of The Hackett Group. “This acquisition is meant to highly differentiate our consulting and software platform offerings. It significantly increases our AI implementation capabilities and highly differentiates and expands our AI XPLR ideation and design platform. The integration of AI XPLR with ZBrain will empower our clients to unlock the value of their data and result in new levels of innovation, customer experience and workflow productivity enabled by emerging Gen AI-powered solutions.”
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Creation of ZBrain XPLR Joint Venture
In connection with the acquisition, The Hackett Group and Akash Takyar are creating a joint venture whereby The Hackett Group will contribute the AI XPLR and ZBrain platforms. The integration of AI XPLR and ZBrain products will enable the joint venture to provide advanced and tailored Gen AI solutions to its clients. Combining AI XPLR’s ideation and simulation capabilities with ZBrain’s robust Gen AI development platform in a new entity will allow The Hackett Group in partnership with Akash Takyar to pursue a software platform growth strategy that will consider strategic funding sources as required after initial funding by The Hackett Group. This should allow The Hackett Group to pursue an entirely new value creation strategy for its shareholders. Akash Takyar will become the new CEO of the joint venture, ZBrain, while also leading The Hackett Group’s Gen AI Implementation group.
“We believe this acquisition will unlock the true potential of The Hackett Group’s market leading digital transformation IP during this once in a lifetime technology innovation era,” stated Ted A. Fernandez, Chairman & CEO. “The creation of a new joint venture is important to us as it should allow us to pursue an entirely new value creation opportunity for our shareholders. I want to congratulate our entire team for demonstrating tremendous focus, along with great agility and innovation that has allowed us to pivot to Gen AI consulting and implementation solutions, in less than 12 months.”
“The synergy between AI XPLR and ZBrain is expected to provide our clients with a comprehensive AI solution that addresses the entire lifecycle of Gen AI strategy to execution,” said Akash Takyar, CEO of LeewayHertz. “This partnership has the potential to redefine the way AI solutions are envisioned and deployed at scale.”
SOURCE: BusinessWire