Ascendion Acquires Moodys to Strengthen Product Leadership in AI Era
Ascendion has designated Moody's as its Product Management Center of Excellence. This move aims to enhance product strategy and delivery by integrating elite expertise. By leveraging AI-powered engineering, Ascendion aims to assist enterprise clients in scaling faster and achieving better alignment with business objectives. This collaboration seeks to improve digital adoption, reduce defects, and accelerate organizational growth.
Ascendion Acquires Moodys to Strengthen Product Management Expertise
Ascendion, a leader in AI-powered software engineering, has acquired Moodys Northwest Consulting (Moodys), a prominent product strategy and transformation firm. This strategic move enhances Ascendion's capacity to assist enterprise clients in conceptualizing, developing, and expanding AI-enhanced software products that deliver tangible business value. The collaboration between the two companies offers clients a comprehensive solution for product strategy, agile delivery, and AI-powered engineering, bridging the gap between vision and execution to drive innovation and achieve measurable business impact.
"At Ascendion, we are dedicated to translating ideas into tangible business outcomes," stated Karthik Krishnamurthy, Chief Executive Officer of Ascendion. "In a world driven by AI, strong execution is just as crucial as innovation. By merging Moodys' product strategy and management proficiency with our AI-led engineering capabilities and 'Engineering to the Power of AI' methodology, we are empowering companies to deliver impactful outcomes that propel business growth."
Enhancing Software Product Management for AI Value
AI is revolutionizing the software landscape, but effective product management is key to determining the delivered impact. Without robust product leadership, companies risk deploying software that lacks alignment with goals, features unnecessary complexities, and experiences low adoption rates. Following the acquisition, Moodys now serves as Ascendion's Product Management Center of Excellence, offering top-tier methods, talent, and proprietary frameworks to align every sprint, feature, and release with business objectives.
Moodys has a proven track record of delivering over $1 billion in value to enterprise clients by enhancing digital product adoption, reducing software defects, and accelerating engineering velocity. By integrating Moodys' expertise into Ascendion's global delivery network and AI development platform, clients can expect seamless delivery across various domains, AI-driven decision-making throughout the product lifecycle, and enhanced execution transparency linked to key performance indicators.
Driving Enterprise Change through Product Management
This acquisition underscores Ascendion's commitment to offering high-impact, AI-powered software engineering solutions on a global scale. Moodys will retain its brand identity, leadership structure, and client engagement approach while benefiting from expanded reach and capabilities within the Ascendion ecosystem.
"Our focus is on delivering products that drive results, scalability, and performance for our clients," explained Hiten Patel, Chairman of Ascendion. "By combining Moodys' product leadership with our AI engineering prowess, we are narrowing the gap between strategy and execution, enabling our clients to transform software into tangible business impact swiftly."
Ascendion's vision is to reshape how software is designed, built, and managed in the AI-driven economy, emphasizing velocity, risk reduction, and business outcomes that enhance overall quality of life.