Aistra announced the acquisition of a controlling stake in Veracity Services as part of a strategy to expand its AI-augmented finance and accounting business and broaden its global client base.
The acquisition combines Veracity Services’ finance and accounting delivery capabilities with Aistra’s AI-powered technology solutions and transformation services, creating a unified platform focused on accounting, audit support, and transaction management across international markets.
As organizations increasingly modernize finance and accounting operations with AI-driven automation and advanced analytics, the combined offering aims to deliver integrated domain expertise alongside AI-enabled execution across core finance workflows.
Veracity Services currently supports more than 20 clients across North America, Europe, the Middle East, and APAC, with expertise spanning accounting, audit support, and transaction management. Aistra brings proprietary AI solutions designed to improve speed, consistency, and operational efficiency within finance processes. Together, the companies plan to build a scalable, technology-led finance, accounting, and transaction management practice.
The combined organization will serve enterprises and accounting firms globally, supported by expanded teams located in Mumbai, Pune, Dubai, London, New York, Singapore, Colombo, Brisbane, and Melbourne.
Sulakshana Patankar, Co-Founder and Group CFO of Aistra, said the acquisition strengthens the company’s ability to deliver practical AI solutions within finance and accounting operations while building on Veracity Services’ client relationships and delivery capabilities.
Arul Sivagananathan, Board Member and Director at Veracity Services, said the partnership will help accelerate the development of AI-based solutions while enabling the company’s workforce to become more AI-native and future-ready.
The companies said the transaction reflects a shared focus on helping global businesses adapt to evolving operational requirements while supporting long-term value creation.
KEY QUOTES:
“Combined with Veracity’s exceptional talent and client service track record, Aistra will redefine how finance and accounting operations will take AI solutions beyond the hype to real and measurable value for all our combined clients.”
Sulakshana Patankar, Co-Founder and Group CFO, Aistra
“Veracity Services has built strong, long-standing relationships with clients across markets through consistent delivery and domain expertise. Partnering with Aistra enables us to develop new AI-based solutions, enhance existing ones, and make our team truly AI-native and future ready.”
Arul Sivagananathan, Board Member and Director, Veracity Services
