In a $4 million deal Infosys has partnered with Waterline Data. Through the deal Infosys’ clients will gain access to a wide range of tools to automate the data discovery process for large data lakes, while Waterline Data will benefit through the exposure of its offerings to a large pool of international clients.
Waterline Data was founded in 2013 and operates out of Alberta, Canada. The company provides users with big data tools that automates the inventory of data assets, allowing them to better find and understand the data through analytics and reports, as well as enabling improved compliance and data governance. The startup is backed by Menlo Ventures and Sigma West.
The partnership sees Infosys invest $4 million into Waterline Data. Through the investment the two companies will work more closely together to deliver joint services to clients across the globe. For Infosys the investment provides its clients tools to automate the data discovery process. Ritika Suri, Senior Vice-President of Corporate Development at Infosys, remarks: “This investment underscores our commitment to our clients to bring innovative data science solutions across our platforms and offerings.”
Alex Gorelik, Founder and Chief Executive Officer of Waterline Data Science, says that they are “proud to partner with Infosys,” allowing the firm to scale its enterprises self-service and data governance propositions. He adds: “We believe that this partnership will provide significant value to our customers as we combine the Waterline Data Science offering with Infosys’ global presence and broad industry expertise.”