San Francisco, May 2, 2013 — Indian enterprise-fuelled software engineering firm and incubator of innovative technology companies, Pramati, has announced the acquisition of certain assets of WaveMaker from VMware.
WaveMaker, acquired by VMware in March 2011, is a visual Rapid Application Development (RAD) software platform that will be used to grow and enhance Pramati’s cloud-based Java development capabilities.
WaveMaker simplifies the process of building enterprise Java applications to boost both developer productivity and quality, without compromising flexibility. WaveMaker applications are cloud-ready, highly scalable, multi-device, and backed by a strong developer community that has doubled to 35,000 active monthly users over the last two years.
With its long heritage of mission-critical Java application development, Pramati expects to accelerate this growth going forward.
This is something for a game change for Pramati, which in recent years has been setting up each of its new innovations as a separate entity -- that could be hived off when the timing ws right -- as it did in 2012, with its enterprise collaboration platform, Qontext which was sold to Autodesk. For a change, they are on the 'buy' rather than 'sell' track.
Says Vijay Pullur, Mountain View ( CA, US)-based President of Pramati: “The acquisition of WaveMaker is integral to Pramati’s ongoing strategy to efficiently bring together skills, capital, customer relationships and leading technologies that can quickly take advantage of market opportunities, WaveMaker elegantly enhances our existing Java and cloud development capabilities. Over the years, Gartner and other respected voices have recognized us as a leader in Java technologies. The WaveMaker acquisition uniquely allows us to extend our leadership, while extending the reach of Java to non-expert developers and users.”
Adds Charles Fan, senior vice president of R&D, Storage and Application Services, VMware: “WaveMaker was designed to bring high-quality Java applications to market quickly and efficiently. Pramati is an established technology company with expertise in cloud and Java technologies. We are delighted that WaveMaker customers are in good hands.”
The Pramati portfolio of companies includes SocialTwist, a social referral marketing platform focused on customer acquisition and retention, and Imaginea, a technology services company that offers advisory, strategy, product development, and implementation services.
Founded in 1998, Pramati is a software engineering firm with over 600 skilled engineers. It is also a technology incubator that builds companies to rapidly capture new market opportunities in the disruptive technologies of social, mobile, cloud and big data. Among its companies are SocialTwist (www.socialtwist.com ), a social referral marketing platform focused on customer acquisition and retention, and Imaginea (www.imaginea.com ), a technology services company that offers advisory, strategy, product development, and implementation services.
Last week Pramati inaugurated a new corporate HQ office in Hyderabad that can house 850 people. They have additional development centres in Bangalore (170 people) and Chennai (100 people).