Acquisition · Enterprise Software & IT
Tredence acquires US pharma analytics firm KMK Consulting
By Startup Enthusiast ·
- Date
- Company
- Tredence
- What it does
- Data analytics and AI company
- Kind
- Acquisition
- Based in
- Bengaluru
- Founded
- 2013
- Sector
- Enterprise Software & IT
What they do
Tredence helps large businesses use data and build AI-powered software
What happened
It acquired KMK Consulting, a US-based pharma and life sciences analytics firm, for an undisclosed sum
Why it matters
Healthcare and life sciences are expected to be 25% of Tredence revenue by 2028
The details
- Tredence, a data analytics company based in Bengaluru and San Jose, has acquired KMK Consulting.
- KMK Consulting is a US-based firm founded in 2000 that specialises in pharma and life sciences analytics.
- The financial terms of the acquisition were not disclosed.
- KMK works with 8 of the world's top 10 pharma companies.
- KMK's expertise includes commercial analytics, patient analytics, market access, real-world evidence, and market research.
- Tredence contributes AI engineering, data platforms, and enterprise-scale deployment to the combined offering.
- Tredence expects healthcare and life sciences to make up 25% of its revenue by 2028.
The bigger picture
- The pharma industry spends about $250 billion annually on R&D and a similar amount on commercialisation.
- Analytics and AI services for life sciences are growing at a CAGR of 20% to 25%.
- Tredence is targeting $1 billion in revenue by 2030 through organic growth and acquisitions.
- Future acquisition focus areas include communications, media, and insurance.
About the business
- Tredence helps large businesses use data and builds AI-powered software for customer behaviour, operations, and sales.
- Its AI stack includes the decision intelligence platform Atom.AI, the ML platform ML Works, and agentic AI.
- Tredence's annual revenue for calendar year 2026 is roughly $250 million.
- The company is on track to grow about 45% this year.
- KMK Consulting specialises in commercial analytics, patient analytics, market access, real-world evidence, and market research.
- KMK works with 8 of the world's top 10 pharma companies.
What happens next
- Tredence is targeting $1 billion in revenue by 2030 through organic growth and acquisitions.
- The company may explore a fresh fundraise in calendar year 2027.
- Tredence may evaluate an IPO in the future, but listing is 'an option, not a compulsion'.
- Future acquisition focus areas include communications, media, and insurance.
The deal
- Type
- acquisition
Founders
- Shub Bhowmick, cofounder
- Sumit Mehra, cofounder
- Shashank Dubey, cofounder and chief revenue officer
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