Tredence eyes acquisitions in BFS, healthcare vertical by year end

In terms of size, Tredence will be focussing on acquiring companies with revenues in the range of $10-15 million, though it would be flexible in its approach, said Bhowmick

Advent-backed data science and analytics firm Tredence is eying for acquisitions in the Banking & Financial Services (BFS) or healthcare domain by the end of this year or the first quarter of the next calendar year.

“We have set up the corporate M&A office, and we are actively engaging with founders of other companies…I anticipate that by the end of the year or early next year, we will actually start announcing some acquisitions, but we are still in the evaluation phase,” Shub Bhowmick, cofounder and CEO, Tredence told Business Standard.

Tredence forayed into the BFS and Healthcare & Lifesciences (HLS)