AnalytixInsight Inc. announced that it has closed its planned acquisition of AnalytixInsight pursuant to the terms of the definitive share acquisition agreement entered into between the parties, dated as of June 28, 2013. The company announced that Prakash Hariharan has been appointed as Chairman of the Board. The board is now comprised of Chaith Kondragunta, Prakash Hariharan, Scott Ackerman and Robert Chisholm.

The company also announced that Rick Cox and Craig Goldenberger, has stepped down from the board of directors on closing, for their service to the Company. The following officers of the Company have been appointed on closing: Chaith Kondragunta as Chief Executive Officer; and Gautam Pasupuleti as Chief Operating Officer. Prakash was formerly one of Canada's leading portfolio managers when he was at Front Street Capital focusing on technology and growth related investments.

Chaith was with Stern Stewart & Co where he was the CEO of Stern Stewart Europe Ltd, and the CEO and founder of Stern Stewart India. Gautam was previously Vice President, Product Strategy at Fidelity National Information Services. In this role he worked with leading financial institutions worldwide to deliver solutions across mobile, online, branch and ATM channels.