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EY purchases Canada’s Nuvalence to bolster GenAI services business

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Ernst & Young’s Canadian affiliate has acquired Nuvalence, a local IT consultancy with about 120 staffers.

The primary focus of the deal is generative AI. Nuvalence, which maintains offices in not only Canada but also the U.S. and South America, has over the years completed multiple client projects that involved machine learning. The skills that the firm brings to the table will enable EY Canada to present a more competitive offer when competing for AI implementation deals.

“AI transformation is at the top of the agenda for many organizations that are looking to future-proof their business models,” shares EY Canada consulting managing partner Dave McQueen. “We’re excited to join forces with Nuvalence to further the breadth and depth of EY’s AI-enabled risk management and transformation capabilities.”

One highlight of Nuvalence’s machine learning repertoire is a software development initiative undertaken for a large, unnamed auto maker. The software that the firm built is used to manage client-facing work such as the delivery of vehicle maintenance and financing services.

Notably, Nuvalence’s activities also extend beyond the AI space. The firm works with corporate clients to implement and maintain foundational technologies such as Kubernetes, which is used to manage the servers on which a company’s business applications run, and Microsoft’s Cosmos DB database. Nuvalence also provides solution accelerators, ready-to-use software and consulting bundles that remove the need for clients to start from zero when embarking on a new IT project.

“We’re delighted to be joining EY, and thankful that we not only get to continue our mission, but broadly scale it,” commented Nuvalence co-founder Sinclair Schuller.

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