TMCnet News
Datamatics Acquires TechJini, a Boutique Mobile and Web Application Development CompanyMUMBAI, July 3, 2017 /PRNewswire/ -- Signs a definitive agreement to acquire the company Datamatics Global Services Ltd. signed a definitive agreement to acquire a controlling stake in TechJini, a boutique mobile and web application development company, headquartered in Bangalore. The objective of this acquisition is to further strengthen Datamatics' mobility offerings through TechJini's range of smart technology solutions. TechJini is a leading software services company with a presence in the U.S., and has a specialized focus on digital experiences and mobile-based web application development and maintenance services. With 250 employees, TechJini caters to over 35 companies across business verticals such as media, engineering, manufacturing and start-ups. TechJini is one of the first 13 companies in the world to be certified under the Google Developer Agency Program. Speaking on this occasion, Rahul Kanodia, Vice Chairman and CEO said, "Enterprise mobility has gained significant momentum with companies adopting 'mobile first' as a core strategy for their business and cloud platforms. We are happy to partner with TechJini, as it will further enhance our service in the mobility space and create a niche that will help us gain a competitive advantage. Going forward, I foresee greater demand and growth in device centric businesses including IoT, mobility and self-service kiosks among others." "Apart from further strengthening our presence in Bangalore, this acquisition reinforces our focus on mobility solutions which is a rapidly growing market. I am confident that with the team's extensive technical background, we will be able to jointly tap more opportunities in newer market segments," added Rahul. Cmmenting on the development, Shyamal Mehta and Amit Rana, Founders, TechJini said, "We are very excited to join hands with Datamatics. Given their legacy, global presence and resources, our clients will reap more benefits from this alliance and help us expand our reach to large global customers in USA and Europe. We firmly believe that this union will significantly enhance our capabilities and allow us to provide a wider array of integrated services to our clients." Samvad Partners, Strata Consulting, and Nicety Management Consulting acted as advisors to the parties on this transaction. About Datamatics Global Services Datamatics is a global provider of Consulting, Information Technology (IT), Data Management and Business Process Management services to several Fortune 500 companies. Datamatics has a fully integrated offering to support digital transformation of organizations through Smart Processes, Smart Systems, Smart Devices and Smart Data. These solutions are powered by Robotics, Artificial Intelligence and Machine Learning algorithms which offer improved business efficiency in the interconnected world. The core operation of Datamatics is built around 'Data to Intelligence', wherein Datamatics leverages data to extract intelligence and patterns thereby facilitating smarter and quicker decision making. Datamatics has adopted the highest standards of service quality and operational excellence, enabling its clients across a wide range of industries to transform into a truly digital, data driven enterprise. Its customised solutions help enterprises maximize productivity, improve speed and accuracy. Headquartered in Mumbai, the company has a presence across America, Australia, Asia and Europe. About TechJini TechJini Inc. is one of the leading application development companies operating out of India and New Jersey. App development has never been as big as it is today. The company works on diverse application development projects across iOS, Android and Windows Phone. TechJini has been offering unique solutions to its clients globally for rapid application development, and has specialized application developers who work closely with the customers on building effective apps as per their demand. Safe Harbour Some of the statements in this update that are not historical facts and are forward-looking statements. These forward-looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business and the markets in which we operate. These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are not limited to, the level of market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein but those that are common in the industry.
|
