M&A
US firm ThoughtSpot acqui-hires SagasIT Analytics
California (US)-based ThoughtSpot has acquired Bengaluru-based SagasIT Analytics, an analytics consulting firm in Bengaluru. About 30 employees of SagasIT including its founder and chief executive officer Harshawardhan Joshi, will join ThoughtSpot and form the India Customer Center of Excellence (CCOE) to support ThoughtSpot's global team. The SagasIT Analytics team has expertise in areas such as data visualization, data engineering, and data science. SagasIT provides services to Unilever, Mercedes-Benz, GE Healthcare, Bill and Melinda Gates Foundation, and Stanford University. India CCOE is part of ThoughtSpot's USD 150 million investment in the country between 2022 and 2027. It follows the opening of its third research and development centre in the region in 2022 at Thiruvananthapuram. ThoughtSpot counts T-Mobile, Daimler, Nasdaq and Royal Bank of Canada among its top customers.
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