Analytics firm Algonomy to acquire Sri Lanka's cloud-tech co Linear Squared

Algonomy (formerly Manthan Systems), a Bangalore-based player in AI and algorithmic decisioning software for retail and consumer verticals, is to acquire the business of Colombo, Sri Lanka-based Linear Squared, which specializes in building demand planning and forecasting products. Linear Squared delivers solutions to various sectors including CPG, Grocery Retail, Apparel, FMCG, Financial Services & Telecom.