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Symphony Teleca to Acquire Aditi Technologies to Expand Leadership in Systems of Engagement
|By Business Wire
|April 10, 2014 09:15 AM EDT
Teleca Corporation (STC) announced today that it has entered into an
agreement to acquire Aditi
Technologies (Aditi), a rapidly growing leader in cloud-led modern
application development. With the acquisition, STC extends its
leadership in innovation to drive clients’ revenue growth by being able
to uniquely deliver Systems of Engagement (SoE). Aditi will serve as a
strategic growth lever for STC through its design and cloud expertise,
complementing STC’s engineering, mobile and analytics capabilities.
SoE are modern applications that businesses use to engage with their
customers by utilizing the convergence of cloud, mobile and analytics.
The SoE market is expected to grow from $33 billion in 2013 to $111
billion in 2020 (Source: Zinnov). The combined company will have
unprecedented capabilities in delivering SoE based on analytics-powered
modern apps and smart mobile devices. The company will serve a broad
spectrum of customers spanning enterprises, independent software vendors
and connected systems manufacturers.
The combined team includes 7,500 employees spread across a network of 40
global offices with innovation hubs in North and South America, Europe
and Asia. The company is expected to experience 20 percent growth by the
close of 2014. Aditi will continue to operate as a new division of STC
under the leadership of Pradeep Rathinam.
“Symphony Teleca and Aditi are both leaders in innovation and I welcome
Aditi to the Symphony Teleca team,” said Romesh Wadhwani, chairman of
Symphony Teleca Corporation and founder, chairman and CEO of Symphony
Technology Group. “We take pride in our commitment to help our customers
realize the huge potential that cloud, mobile and analytics present.
This acquisition is further evidence of our commitment and the combined
team is the clear global leader in delivering product and solution
development services that drive innovation-led growth for our clients.”
Commenting on the transaction, Brett Brinton, president and CEO of Zonar
Systems, a customer of Aditi’s, adds, “At Zonar, staying out in front as
an enterprise SaaS provider is a constant battle. Not only do you need
to own the cloud with big data and analytics, but even more challenging
is leveraging a complementary cutting edge mobile strategy. Aditi and
Symphony Teleca bring together deep competency around these three
strategic levers. For us, this is a dream come true.”
Symphony Teleca’s acquisition of Aditi will accelerate its mission to be
the innovation partner of choice for customers, helping to drive their
growth agendas through SoE. SoE enable businesses to engage with
customers in a more compelling way, analyze customer behavior and create
personalized experiences, while increasing customer loyalty and revenue
across multiple channels. SoE are built for scale, cloud-based and
consumed on smart mobile devices as the point of engagement with
customers. They connect back-end enterprise software with front-end
mobile software and are supercharged with big data analytics. SoE
require a radically new high speed, agile approach to development at the
convergence of enterprise software, mobile software, user experience
design and big data analytics.
Both parties are working to obtain certain procedural regulatory
approvals to formally close the transaction. The terms of the deal have
not been disclosed. Avendus Capital was the lead financial advisor for
Aditi for this transaction.
Symphony Teleca President and CEO Sanjay Dhawan said, “The acquisition
creates a unique force that will help today’s businesses drive their
growth agendas and improve business agility by harnessing the power of
analytics, modern applications and smart devices.”
“The confluence of intelligent devices, cloud and analytics is the next
breakthrough business opportunity for our customers. Joining forces with
STC positions us as an innovation catalyst for our customers by helping
them engage and understand their customers," said Pradeep Rathinam, CEO
About Symphony Teleca
Symphony Teleca Corporation (STC) is a global leader in providing
software product development, big data integration and analytics
services to drive revenue growth for the world’s leading ISV’s, mobile
and connected systems OEMs, and enterprises in all key verticals. For
its clients, STC develops software products and platforms, mobile device
and connected systems, and cloud-based enterprise solutions that
integrate enterprise software, mobility software, big data sets and
analytic models. Symphony Teleca is a fast growing global company with
over 6,000 employees in over 32 offices worldwide, including delivery
centres in Asia, Europe and the Americas. To learn more, visit www.symphonyteleca.com
Connect with us on LinkedIn at https://www.linkedin.com/company/symphony-teleca
and Twitter at https://twitter.com/symphony_teleca.
About Aditi Technologies
Aditi Technologies is a 'Cloud First' Technology Services company. Aditi
has helped over 150 companies run and transform their business with
cloud platforms like Windows Azure and SalesForce.com. Leading
enterprises, e-businesses and ISV customers leverage Aditi to help them
build customer facing systems, built using cloud infrastructure and
platforms and designed for engaging customer and user experience. Aditi
has been recognized as
one of the Top 3 Microsoft Cloud Partner for three years in a row and
voted as a Top 10 IT Workplace by the Great Place to Work Institute. For
additional information, please visit www.aditi.com
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