Government advisory firm Sapio Analytics has acquired KGS Microsystems, a leader in the archives digitization industry at an undisclosed sum. KGS is a decade old digitization technology company that counts Asiatic Society, Ministry of Culture, Reserve Bank of India, and SEBI amongst its customers.
Founded by Kishor Gulgule, a veteran imaging professional, and A Parvez Banatwala, a technology entrepreneur, KGS has active contracts worth around 1 million USD and a pipeline of around 20 million USD, being in the process of digitizing hundreds of millions of images. The acquisition by Sapio Analytics, positioned as the artificially intelligent government support system for developing countries, shall be done under a conditional term sheet, where Banatwala shall actively lead the smart digitization practice of the entity.
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| Arun Vaz, Ashwin Srivastava, Kishor Gulgule, and A Parvez Banatwala |
"The anonymized intelligence driven out of the digitization by KGS, and its deep trust-based access to various clients in law enforcement, publications, heritage libraries, defense and PSUs, shall help Sapio significantly multiply its value. Our A.I. is powered by intelligence from the voice of millions of citizens, and more than a dozen world leaders and domain experts. Now, with KGS, invaluable intelligence from the analogue world shall also power our A.I. government systems", says Hardik Somani, Director and COO of Sapio Analytics.
Sapio Analytics Heritage Restoration Division restores heritage using artificial intelligence and domain expertise and is responsible for presenting the ancient culture of India to the world. The Smart Healthcare Division of Sapio has created India’s largest network of primary healthcare guidance centers, through a joint venture, and shall need digitization of millions of historical records. Law Enforcement, Intelligence, Economic Growth and Local Administration Divisions of the Sapio group shall also benefit from smart digitization.
“There are billions of records in India alone that have not been digitized yet. We are saying that the future digitization of these records shall not just be about conversion from analog to digital, but shall also be about digital to intelligence, making us the only player with excellence in high end digitization technologies and new age artificially intelligent machine learning smartness. KGS has been a market leader in ‘analog to digital’ and Sapio has been leading ‘intelligence in digital’ for governments. Together, we become an undisputed market leader in smart and intelligent digitization”, adds Somani.
Having worked on 25 million records of 250 years old Asiatic Society, KGS now hopes to become the choice of digitization across the developing world with this acquisition. The archives digitization market is growing at 13.5% CAGR and is expected to have higher growth rate in developing countries in the coming decade.
Sapio Analytics Heritage Restoration Division restores heritage using artificial intelligence and domain expertise and is responsible for presenting the ancient culture of India to the world. The Smart Healthcare Division of Sapio has created India’s largest network of primary healthcare guidance centers, through a joint venture, and shall need digitization of millions of historical records. Law Enforcement, Intelligence, Economic Growth and Local Administration Divisions of the Sapio group shall also benefit from smart digitization.
“There are billions of records in India alone that have not been digitized yet. We are saying that the future digitization of these records shall not just be about conversion from analog to digital, but shall also be about digital to intelligence, making us the only player with excellence in high end digitization technologies and new age artificially intelligent machine learning smartness. KGS has been a market leader in ‘analog to digital’ and Sapio has been leading ‘intelligence in digital’ for governments. Together, we become an undisputed market leader in smart and intelligent digitization”, adds Somani.
Having worked on 25 million records of 250 years old Asiatic Society, KGS now hopes to become the choice of digitization across the developing world with this acquisition. The archives digitization market is growing at 13.5% CAGR and is expected to have higher growth rate in developing countries in the coming decade.
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