KPMG acquires Mumbai-based AI startup Recommender Labs

Global Accounting firm KPMG in India on Friday announced the acqui-hire of Recommender Labs, an artificial intelligence (AI)-led decision-science services company that operates to cut through the complexities of decision making.

KPMG aims to combine its own capabilities with those of Recommender Labs to build unique assets, enable quick go-to-market and build the ability to respond with sharp AI led offerings. The acquisition will also reinforce KPMG’s efforts to build superior technology products in order to resolve specific client needs, KPMG said in a statement.

Mumbai-based Recommender Labs’ trademark brand, software products and other IP rights will all be acquired by KPMG under the deal. Their managing director and four employees of Recommender will join KPMG in India.