January 19, 2024 – Toronto, Canada – Fulcrum IT Partners (“Fulcrum”), a leader in delivering verticalised comprehensive IT solutions, announced its acquisition of Razor, a pioneering firm at the forefront of data and artificial intelligence technology. Alongside Razor, Fulcrum is acquiring two related entities, REYT and Nimbitech. These acquisitions are a key step in Fulcrum’s commitment to creating a data-focused ecosystem, representing a significant enhancement to its technology portfolio. This acquisition underlines Fulcrum’s commitment, through its innovation incubator Fulcrum Labs to deliver data-driven outcomes to its customers.
Razor’s integration into Fulcrum brings together deep vertical expertise with cutting-edge data-driven solutions, highlighting Fulcrum’s commitment to elevating customer experiences through innovative technology. The acquisition strategically positions Fulcrum to utilise back-office data to drive revenue and deliver better outcomes for customers.
“The acquisition of Razor signifies an exciting step forward for Fulcrum. Allowing us to leverage AI and data analytics to augment and enhance our existing service offerings whilst bringing new innovative solutions to market.”
This collaboration is set to accelerate the way Fulcrum utilises data, bridging the gap between back-office infrastructure and front-office solutions. Razor’s expertise in data intelligence will augment Fulcrum’s existing technology solutions, offering a differentiated advantage in the marketplace.
“Joining forces with Fulcrum allows us to scale our innovative approaches to data and AI on a global platform. Our shared vision for a data-driven strategy and the global scale that Fulcrum has will unlock new potentials in technology advancement and customer experience.”
Fulcrum, with Razor will be launching a suite of informatic platforms focused within the manufacturing, retail logistics, and healthcare verticals, augmenting data with machine learning to bring insights to operational technology. The acquisition of Razor unlocks the ability to work towards developing Private Generative AI-as-a-Service enabling internal efficiencies and a differentiated access to customers whilst ensuring the privacy of corporate data.
About Fulcrum IT Partners
Fulcrum IT Partners is the parent company of an expanding portfolio of established and successful IT solution companies in the UK, Canada, and the U.S., with proven expertise in cybersecurity, cloud, consumption-based IT and managed services. Fulcrum is dedicated to using technology to deliver better business outcomes to vertically focused industries through its breadth of expertise and longstanding relationships with respected industry partners.
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