Ascendion Acquires Moodys to Deliver AI-Driven Product Leadership and Measurable Business Impact

Ascendion Acquires Moodys to Strengthen Product Leadership in AI Era

BASKING RIDGE, N.J., June 18, 2025 /PRNewswire/ -- Ascendion, a leader in AI-powered software engineering, announced the acquisition of Moodys Northwest Consulting (Moodys), a top product strategy and transformation firm. This acquisition enhances Ascendion’s capacity to help enterprise clients design, build, and scale AI-driven software products that deliver real business results.

By combining Moodys' elite product strategy and delivery expertise with Ascendion’s AI-powered engineering, the companies now offer a full-stack solution covering product strategy, agile delivery, and AI-driven development. This integration bridges the gap between vision and execution, accelerating innovation and driving measurable business impact.

Karthik Krishnamurthy, CEO of Ascendion, stated, "Strong execution is as critical as innovation in an AI-driven world. By merging Moodys' product strategy and management strengths with our AI-led engineering and 'Engineering to the Power of AI' approach, we help companies achieve practical, high-impact outcomes that advance their business."

Software Product Management Delivers AI Value

While AI is transforming software, effective product management determines the value delivered. Without strong product leadership, software risks misalignment with business goals, feature bloat, and low user adoption. Moodys now serves as Ascendion's Product Management Center of Excellence, bringing proven methods, talent, and frameworks that ensure every sprint, feature, and release aligns with business outcomes.

Moodys has generated over $1 billion in value for enterprise clients by achieving:

• Up to 8x increase in digital product adoption
• 80–90% reduction in software defects
• 2–3x faster engineering velocity

With Moodys integrated into Ascendion's global delivery network and AI platform (AAVA), clients gain:

• Seamless delivery across product, design, AI, and engineering teams
• AI-enhanced decision-making throughout the product lifecycle
• KPI-linked execution with full outcome transparency
• Global scale combined with local client engagement

Ameet Moodbidri, CEO of Moodys, added, "Clients demand faster time-to-market and real business outcomes. Meeting this requires the right mix of design, product management, AI, and engineering. Joining Ascendion allows us to expand our capabilities and deliver AI-led product and engineering excellence."

Product Management Drives Enterprise Change

This acquisition advances Ascendion's goal to deliver impactful, AI-powered software engineering solutions at scale. Moodys will continue operating under its brand and leadership, maintaining trusted client relationships while expanding reach and capabilities.

Hiten Patel, Chairman of Ascendion, emphasized, "This acquisition enhances our ability to deliver what clients truly need—products that perform, scale, and generate results. Combining Moodys' product leadership with our AI engineering closes the gap between strategy and execution, enabling faster business impact."

This move is a key step in Ascendion's mission to redesign how software is developed and managed in the AI economy, focusing on speed, reduced risk, and improved business outcomes.

Transaction Details

Global Investment Bank, Canaccord Genuity, served as exclusive financial advisor to Moodys Northwest Consulting for this transaction.

About Ascendion

Ascendion delivers AI-powered software engineering solutions that help businesses innovate more efficiently and effectively. Partnering with over 400 Global 2000 clients across North America, APAC, and Europe, Ascendion addresses challenges in applied AI, cloud, data, experience design, and workforce transformation. With 11,000+ experts and its proprietary Engineering to the Power of AI approach, Ascendion drives outcomes that build trust, unlock value, and accelerate growth. Headquartered in New Jersey with 40+ global offices, Ascendion combines scale, agility, and creativity to engineer the next wave of software solutions.

About Moodys Northwest Consulting

Moodys Northwest Consulting, now an Ascendion company, is based in Bellevue and specializes in digital transformation with deep expertise in product and program management.