Linedata acquires NROAD 02 April 2025US Reporter: Clelia Frondaroli
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Linedata has acquired NROAD in a bid to help financial institutions manage unstructured data through AI.
By integrating NROAD, an AI automation specialist which processes unstructured financial data, into Linedata’s portfolio, clients will be able to streamline their operations, reduce costs and improve operational resilience, the companies say.
The acquisition also aims to strengthen Linedata’s presence in the US market through NROAD’s established client base in the region.
Anvaraly Jiva, founder and CEO of Linedata, says: “This acquisition demonstrates our unwavering commitment to investing in transformative technologies that enable our clients to excel in today’s data-driven environment.”
Aashish Mehta, founder and CEO of NROAD, concludes: “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.”
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