With ₹16.9-cr deal, IT player wants to focus on large deals. Mid-tier IT services firm Zensar on Tuesday entered into an agreement with Lorhan IT Services, a wholly owned subsidiary of First Tek — a US-based IT services and products company — to divest its Australia, Middle-East and India-based businesses. The deal is valued at ₹16.9 crore..
To sharpen focus on future growth, the RPG Group company will sell its Indian, Australian and Middle Eastern businesses, and invest in its core markets – U.S., Europe and South Africa. Zensar Technologies, the IT arm of the $3-billion RPG Group has divested some of its businesses, which it perceives as ‘non-core’ to focus on more lucrative…
Pune, India, January 21, 2019: Zensar Technologies, a leading digital solutions and technology services company that specialises in partnering with global organisations on their Digital transformation journey, announced its audited consolidated financial results for its third Quarter ending December 31, 2018 of the fiscal year 2018-2019.
Abstinence from digital information and social media isn’t practical in today’s day and age. A return to “Internet decency” isn’t valid. Our digital landscape is strewn with landmines and we have to sidestep them thoughtfully. We must draw boundaries around our personal consumption, refrain from arguing with contentious strangers and keep our integrity intact.
“Our innovative and future-ready infrastructure solutions are designed to help enterprises like Ruffer redefine their IT landscape to do more, gain visible outcomes and be market leaders,” Sandeep Kishore, CEO and Managing Director of Zensar, said in a statement.
Sandeep Kishore, Managing Director, Zensar, “Our innovative and future-ready infrastructure solutions are designed to help enterprises like Ruffer redefine their IT landscape to do more, gain visible outcomes and be market leaders. I am confident that our unique Return on Digital® proposition will help Ruffer to be a customer centric partner to their customers, just as we are.”
“The company has reported a stellar industry-leading year-on-year revenue growth of 18.1 per cent in the first quarter of the fiscal year. Digital continues to grow sequentially, underlining the success of our proprietary ‘Return on Digital’ strategy,” Zensar Technologies CEO and Managing Director Sandeep Kishore said. He added that with the acquisition of Indigo Slate, a US-based digital customer marketing and experience agency, the company expects the growth momentum to continue.
“The company has reported a stellar industry-leading year-on year revenue growth of 18.1 per cent in the first quarter of the fiscal year. Digital continues to grow sequentially, underlining the success of our proprietary ‘Return on Digital’ strategy,” Zensar Technologies CEO and Managing Director Sandeep Kishore said.
Sandeep Kishore, Chief Executive Officer and Managing Director, Zensar Technologies said, “The company has reported a stellar industry- leading Y-on-Y revenue growth of 18.1% in the first quarter of the fiscal year. Digital continues to grow sequentially, underlining the success of our proprietary ‘Return on Digital strategy. With the acquisition of Indigo Slate, a US based digital customer marketing, experience agency we expect the growth momentum to continue. We also continued to book new business backed by large deals resulting in a comprehensive and impressive performance.”
“With Indigo Slate, we have taken another major step towards providing customer experience, digital marketing and design capabilities to our clients in the US,” Zensar CEO and Managing Director Sandeep Kishore said.
Indigo had revenues of approximately $20 million in fiscal 2018. The addition of Indigo Slate will strengthen Zensar’s capabilities in this fast-growing segment. In fiscal 2017, Zensar had acquired Foolproof Ltd, a UK-based digital experience firm to build its digital services business.
“The company will acquire the entire share capital of Indigo Slate… (The cost of acquisition is) approximately USD 18 million and deferred payments subject to meeting the performance targets over the 36 months post-closing,” Zensar said in a regulatory filing.
Sandeep Kishore said that Zensar would continue to hire including the freshers as demand environment looks robust. “We added around 1000 people over the past two years while gross hiring last year was almost 3000. This year, we plan to hire 1000 freshers,” said Kishore.
As cities become more connected, data-driven and digital, investments in more efficient and effective technologies help solve challenges that many major cities face…
Indian technology firm Zensar picked Durham over competing sites in Georgia, Texas, Indiana and California for its first North American customer delivery center.