Ankura Consulting Group, LLC, an independent global expert services and advisory firm, announced that it has acquired Noragh Analytics, a globally recognized leader in advanced data analytics and the enabling of machine learning and artificial intelligence to actionable use of complex data. Noragh is a proven leader in delivering market solutions related to some of the world’s most challenging business issues and further positions Ankura as a leading innovator in addressing the needs of clients both today and in the future.
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The Noragh proprietary platforms gather both structured and unstructured data from internal and external data sources into comprehensive database networks. This enables a collection of information and data solutions that combine analytic and data management technology with artificial intelligence, machine learning and graph analytics to deliver an unmatched ability to transform business processes, address fraud and predict behavior, patterns and outcomes. The acquisition complements and expands Ankura’s market-leading Data and Technology offerings and places the Firm squarely at the forefront of the application of transformative artificial intelligence and machine learning solutions for business and commercial application.
Noragh Analytics was founded by retired Four Star Admiral and former U.S. Navy Commander in Chief of the Atlantic Fleet, William “Bud” Flanagan, Jr. Admiral Flanagan and his team have vast experience in bringing successful analytic solutions enabled by their technology platforms, in both the government and commercial business sectors. Noragh’s capabilities provide real-time actionable analytics that are saving the insurance industry hundreds of millions of dollars annually in fraud avoidance. The platforms’ methods of applying data solutions enables artificial intelligence technology and expands Ankura’s ability to generate key insights from big data to deliver solutions for clients facing complex, cross-disciplinary issues.
“Acquiring Noragh Analytics marks an exciting milestone in the continued growth of Ankura’s advanced data analytics and technology enabled consulting capabilities worldwide. As we continue to push the envelope on innovation, the Noragh platform allows us to find answers and provide solutions within data that our competitors simply cannot reach. Today’s announcement also reflects our ongoing commitment to delivering the best cutting-edge technology and solutions to clients for their most pressing challenges,” said Kevin Lavin, Ankura’s Chief Executive Officer.
About Ankura
Ankura Consulting Group, LLC is an independent global expert services and advisory firm that delivers services and end-to-end solutions to help clients at critical inflection points related to change, risk, disputes, finance, performance, distress, and transformation.