U.S.-based technology company Symphony Teleca Corp (STC), on Thursday, announced that it had acquired Bangalore-based tech firm Aditi Technologies.
Aditi Technologies specialises in cloud technologies and services. STC said in a release that the acquisition is aimed at building its capabilities to deliver Systems of Engagement (SOE), which are modern business applications that are at the cusp of cloud, mobile and analytics technologies. According to a Zinnov report, the SOE market is expected to grow to $111 billion in 2020 from $33 billion in 2013.
According to the release, Aditi Technologies will continue to operate as a new division of STC with no changes in leadership. The release stated that the combined team includes 7,500 employees across 40 global offices across the Americas, Europe and Asia. The combined company will have unprecedented capabilities in delivering SoE based on analytics-powered modern apps and smart mobile devices, the release stated.
Romesh Wadhwani, Chairman of Symphony Teleca Corporation, said: “The combined team is the clear global leader in delivering product and solution development services that drive innovation-led growth for our clients.”
Pradeep Rathinam, CEO of Aditi Technologies, was quoted saying, “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.”
