Manthan, RichRelevance merge to form Algonomy, US listing in 2023

Bengaluru: Manthan Software has merged with US-based RichRelevance to form Algonomy, which is now planning for a Nasdaq listing in 2023.

Manthan CEO Atul Jalan will become Algonomy’s chief executive officer, while RichRelevance CEO Sarath Jarugula will take charge as the new company’s chief product officer. The merger between the Bengaluru- and San Francisco-based companies was announced in November 2019.

“We thought we are a very different company today, and needed a new name and positioning. It should represent our current capabilities and scale of ambition. Also we have a Nasdaq (listing) in mind in 2023,” Jalan told The Economic Times. He said that Algonomy’s clients are increasingly seeking “algorithmic” customer experiences and decision-making.