Altimetrik Acquires SLK Software to Build a Global AI-First Engineering Platform

Altimetrik has officially added SLK Software to its fold, marking a major milestone in its ambition to become a global leader in AI-first digital engineering. Dubbed “SLK, an Altimetrik company,” the combined business brings together advanced data innovation with full-spectrum technology services - creating a unified organization capable of driving enterprise modernization with outcome-focused execution.

Deal Summary

• Acquirer: Altimetrik, a digital engineering company focused on AI, data, and product-driven innovation.
• Target: SLK Software, a global services provider with strengths in intelligent automation, digital operations, quality engineering, and infrastructure.
• Strategic Purpose: The acquisition integrates Altimetrik’s AI-first approach with SLK’s technology services to accelerate enterprise modernization, move beyond proof-of-concept deployments, and offer scalable digital solutions.
• Scale & Footprint: The combined business now totals over 10,000 professionals in 17+ countries and includes more than 20 engineering centers.
• Client Reach: Together, they serve more than 150 enterprise customers, including Fortune 500 companies, across industries like financial services, manufacturing, healthcare, and embedded systems.
• Execution Model: The merged entity will use a “practitioner-led” approach with modular, outcome-based delivery to speed up time-to-value.
• Governance & Partnerships: The combined business will continue operating under strong technology alliances, including OpenAI, AWS, Snowflake, and Databricks.
• Advisors: Avendus Capital advised SLK Software; EY advised Altimetrik and its sponsor, TPG Capital.

Industry Context

The deal is emblematic of a broader shift in digital services: engineering firms are doubling down on AI and automation partnerships, merging deep domain expertise with sophisticated infrastructure capabilities. Enterprises today demand not just advisory or proof-of-concept work, but the execution muscle to build, scale, and govern AI-native systems.

By combining with SLK, Altimetrik elevates its proposition from being a data-centric engineering shop to a full-stack, AI-first service provider. This enables it to serve clients not only on data strategy but also in delivering entire digital transformation journeys - from strategy and infrastructure to operations and continuous innovation.

Lower-Middle-Market Roll-Up Perspective

Though this is not a classic PE roll-up, the acquisition strategy offers insights relevant to lower middle-market and platform-building trends:

• Capability Layering: Altimetrik’s acquisition of SLK enables it to layer on full-service engineering and managed services - increasing its breadth and value proposition.
• Scale & Reach: The combined organization gains massive scale, making it more competitive for large enterprise engagements and long-term transformation deals.
• Repeatable Innovation: The “bite-size, outcome-focused” execution model suggests a repeatable, modular framework to deliver AI-enabled solutions incrementally, improving risk management and ROI.
• Talent & Leadership Continuity: The deal preserves SLK’s leadership and integrates them into Altimetrik’s structure, maintaining customer intimacy while leveraging new scale.
• Capital Efficiency: Backed by TPG, Altimetrik is using this acquisition to fast-track its scale rather than relying purely on organic growth - a hallmark of capital-efficient growth strategies.

Why This Sector Is Attractive for Roll-Ups

• AI Adoption Is Maturing: Enterprises are moving from AI experimentation to integration - building agents, automating operations, and embedding intelligence.
• Demand for Full-Stack Services: As digital transformation deepens, clients want end-to-end partners, not fragmented point solutions.
• Recurring and Managed Revenue: Automation, infrastructure, and continuous operations offer stickiness and recurring value.
• High-Skill Delivery Models: The need for data engineers, automation experts, cloud architects, and quality engineers makes talent-intensive models valuable.
• Outcome-Based Delivery: Outcome-focused engineering aligns with client demand for rapid value capture and business impact, not just project delivery.

Conclusion

Altimetrik’s acquisition of SLK Software marks a transformative inflection point. By fusing its AI-first DNA with SLK’s engineering services backbone, it creates a global scale business capable of accelerating enterprise transformation across data, automation, and operations.

For engineering services firms, the deal signals that aligning with a visionary, AI-driven partner can unlock new growth paths. For enterprise technology buyers, it points to a future where one trusted provider handles strategy, execution, and AI governance. And for investors, it reinforces the thesis that building scalable, value-driven engineering platforms remains a compelling play in the evolution of digital services.