The Intelligent Document Processing (IDP) vendor, known for its IDP platform CMR+ and Insurants, its offering tailored specifically to commercial insurance, is being acquired by Indian company GTT Data Solutions, which aims to deliver transformative solutions through the integration of Human Intelligence (HI) and Artificial Intelligence (AI).
AntWorks, an Intelligent Document Processing (IDP) vendor, announced on August 26, 2025, that it has been acquired by IT services provider GTT Data Solutions. Mike Hobday, CEO of AntWorks, is stepping down.
Mike Hobday, former CEO of AntWorks, commented: “This month I concluded the sale of AntWorks Group to GTT Data Solutions. With its current focus on India, AntWorks brings the group opportunity for expanding its reach to US, with our clients including U.S. Bank, University of Southern California, SWBC Mortgage Corporation and Marsh McLennan. As I step down as CEO i want to thank colleagues past and present for their incredible loyalty, innovation and dedication to our clients.”
Petra Beck, Senior Industry Analyst at Infosource, shared her perspective on the acquisition: “GTT Data’s acquisition of AntWorks is a strategic move aimed at deepening its enterprise automation capabilities as part of a broader inorganic growth strategy. AntWorks brings differentiated IDP technology, a modular platform, and verticalized GenAI solutions—particularly in BFSI and insurance. But it also comes with scaling challenges that GTT will need to address through disciplined integration and go-to-market execution.” Read her full analyst perspective.
In April, AntWorks announced that it had integrated its IDP platform, CMR+, with Pega to meet the complex workflow and claims processing requirements of the airline industry.
Headquartered in London, UK, AntWorks has built proprietary AI, ML and NLP technologies to unlock, classify and digitise data in the full range of business documents. CMR+, its enterprise grade platform, understands and contextualises information with unrivalled accuracy and minimal intervention.
The official statement is still pending, but AntWorks CEO Mike Hobday has confirmed the deal. To find more news from AntWorks click here.
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