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Linedata (Euronext Paris: LIN) announced the acquisition of NROAD, a proven specialist in AI-enabled automated unstructured financial data processing based in Pune, India and Boston.
This strategic milestone enhances Linedata’s capabilities and transforms its approach to helping financial institutions manage complex, volatile, and unstructured data through AI. As financial data volumes grow exponentially, the acquisition, combining NROAD’s shared vision, will help clients streamline operations, reduce costs, and uncover deeper insights.
By integrating NROAD's specialised AI agents, domain-specific solutions, and its proprietary CONVUS platform into Linedata’s portfolio, the unified company will deliver a more powerful suite of tools for asset managers, credit institutions, and compliance teams. With the integration, Linedata will be able to address a growing demand for scalable AI-driven solutions that accelerate decision-making and improve operational resilience.
The acquisition also strengthens Linedata’s position in the U.S. market, leveraging NROAD's strong regional presence while expanding its AI bench. NROAD’s existing clients, including global banks, rating agencies, and payment processors, will benefit from enhanced infrastructure, broader support, and an expanded roadmap for innovation.
Anvaraly Jiva, Founder and CEO of Linedata, said, "We are delighted to welcome NROAD to the Linedata family. This acquisition demonstrates our unwavering commitment to investing in transformative technologies that enable our clients to excel in today’s data-driven environment. NROAD’s AI-powered financial data processing expertise perfectly aligns with our strategic vision, allowing us to deliver exceptional value to our clients. Aashish and his team of seasoned executives, including data scientists and AI experts, bring extensive experience in building and marketing successful fintech solutions for enterprises, which will be key in integrating and promoting a combined offering. Having them onboard is a new and thrilling step for Linedata.”
Aashish Mehta, Founder and CEO of NROAD, stated, “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. We are excited to collaborate with Linedata to drive innovation and transform how financial enterprises manage and leverage unstructured data.”
