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Incessant Technologies buys 55% stake in US firm
Incessant Technologies, an NIIT Technologies company, on Wednesday announced that it has signed a definitive agreement to acquire 55 per cent interest in US-based RuleTek LLC.Incessant Technologies is a leader in digital integration and agile delivery of enterprise BPM solutions while RuleTek is a BPM architecture services company with a track record of successful implementations for Fortune 500
Hyderabad: Incessant Technologies, an NIIT Technologies company, on Wednesday announced that it has signed a definitive agreement to acquire 55 per cent interest in US-based RuleTek LLC.Incessant Technologies is a leader in digital integration and agile delivery of enterprise BPM solutions while RuleTek is a BPM architecture services company with a track record of successful implementations for Fortune 500 companies.
Headquartered in Meridian, Idaho, RuleTek is a fast-growing business serving customers in the US, with about 65 employees. The company reported revenues of $6.47 million for FY17.This transaction will enable Incessant to strengthen its digital integration capabilities, expand its footprint in the high-opportunity North American market, and add near-shore capabilities to its existing delivery model, it said.
This transaction will be margin and earnings accretive. It will also provide the clients of Incessant and RuleTek access to over 500 certified consultants. "RuleTek is a perfect match for us, offering substantial synergies to accelerate our growth in the North American market. This transaction also strengthens our position as a leader in Digital Orchestration and Enterprise iBPM solutions," said Incessant Technologies CEO Vijay Madduri.
By Business Bureau
