EY US, a leading global professional services organization, has announced its acquisition of Nuvalence, a prominent technology consultancy. The addition of Nuvalence to the EY US team will bolster their ability to deliver platform engineering, product development, and generative AI platform-enabled services to organizations across sectors.
With a team of over 140 highly skilled engineers, product managers, and architects, Nuvalence brings extensive technical expertise to EY US. This collaboration will enable EY US to better assist clients in reinventing their industries by leveraging value-driven, AI-enabled platforms.
Raj Sharma, Vice Chair of EY Americas Consulting, expressed his excitement about the partnership, stating, “We are thrilled to welcome Nuvalence to EY US. With this collaboration, we have strengthened our engineering capabilities, allowing us to provide clients with state-of-the-art AI platforms and products that will turn their AI vision into reality.”
The joint efforts of EY and Nuvalence will focus on leveraging generative AI (GenAI) to transform core business functions and explore new models empowered by AI technology. By harnessing the power of GenAI, clients will be able to augment and reimagine their operations, driving innovation and growth.
Nuvalence has a proven track record of delivering impactful solutions for their clients. For example, they developed an AI-embedded platform for a major auto industry manufacturer, streamlining their digital fleet management processes. This platform encompassed various aspects of the manufacturer’s client relationships, including leasing, financing, maintenance, and customer support. Its flexibility allowed other divisions of the manufacturer to create new experiences, ensuring adaptability to evolving client needs and market demands.
The co-founders of Nuvalence, Rakesh Malhotra and Sinclair Schuller, are enthusiastic about joining forces with EY US. They are eager to continue and expand their mission of building AI platforms that generate tangible real-world impact.
EY’s objective is to build a better working world, creating long-term value for clients and society while fostering trust in the capital markets. Through their diverse teams spanning over 150 countries, EY offers a range of services, including assurance, consulting, law, strategy, tax, and transactions, aiming to find innovative solutions to complex global challenges.
Please visit ey.com for more information about EY’s global organization and its member firms.
The acquisition of Nuvalence by EY US enhances EY’s engineering capabilities, particularly in the areas of platform engineering, product development, and generative AI platform-enabled services. With Nuvalence’s team of highly skilled engineers, product managers, and architects, EY US can better support clients in leveraging AI-enabled platforms to transform their industries.
One of the key advantages of this collaboration is the ability to harness generative AI (GenAI) to drive innovation and growth. By using GenAI, clients can augment their operations and explore new models empowered by AI technology. This opens up possibilities for organizations to reimagine their core business functions and adapt to evolving client needs and market demands.
Nuvalence has a proven track record of delivering impactful solutions for clients. Their development of an AI-embedded platform for a major auto industry manufacturer is a notable example. This platform streamlined the manufacturer’s digital fleet management processes and allowed for the creation of new experiences across various aspects of client relationships. Its flexibility and adaptability demonstrated the potential of AI platforms in meeting evolving market demands.
However, there may also be challenges or controversies associated with this acquisition. One potential challenge could be integrating Nuvalence’s team and expertise seamlessly into EY US’s existing operations. This may require careful coordination and communication to ensure a smooth transition and maximize the benefits of the acquisition.
In terms of market trends, the acquisition of technology consultancies by professional services organizations is becoming more common as companies recognize the importance of incorporating technology and AI capabilities into their service offerings. By expanding its engineering capabilities, EY US is positioning itself to meet the growing demand for AI-enabled solutions in various sectors.
Looking into the future, it is expected that the market for AI-enabled services will continue to grow, driven by organizations seeking to leverage AI technology to improve efficiency, enhance customer experiences, and drive innovation. EY US, with the addition of Nuvalence, is well-positioned to capitalize on this trend and provide clients with cutting-edge AI platforms and products.
For more information about EY’s global organization and its services, you can visit their website at ey.com.