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"Coming together is a beginning; keeping together is a process; working together is success."

-Henry Ford

Symphony Teleca to Acquire Aditi Technologies

martinwolf Transaction Analysis
Financial Overview
  • Transaction Size: $75 – 80 million*

Transaction Facts  

  • Symphony Teleca, a US-based technology services company, is acquiring software product and services company Aditi Technologies for Rs 450 crore – Rs 480 crore ($75-80 million), according to media reports.
  • The transaction, which is one of the largest deals in the sector this year, has yet to be approved by India’s Foreign Investment Promotion Board.
  •  Aditi Technologies earned revenue last year of $70-$75 million (Rs 426 crore – Rs 450 crore), and provides software and services to major clients including Deutsche Bank, Ford, and Universal Studios.

Indian Firms are In Demand    

  • Cloud Capabilities Generate Strong Interest: This transaction demonstrates the continued interest in companies with cloud capabilities as the shift to cloud based solutions persists.
  • Consolidation Remains Major Force: Smaller Microsoft IT service providers continue to consolidate as growth and scale become increasingly important.
  • Strong Synergies Fuel Merger: The transaction brings synergistic opportunities to both parties. Aditi’s experience in cloud, design and engineering complement Symphony’s strengths in mobile and analytics.
  • Activity In the Space: This acquisition follows two other deals in the U.S. this week where Microsoft Dynamics partners combined:

For more information, read the press release here. martinwolf was not the advisor in this transaction.

 

*According to media reports.

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