Aditi acquisition will make Symphony Teleco a strong contender in Internet-of-Things services biz
Mountain View (California, US), April 11 2014: Two Indian innovation-led US-based global technology players have come together to create the ever Internet of Things services organisation.
On Thursday, software products and analytics leader, Symphony Teleca Corporation (STC) announced today that it has entered into an agreement to acquire Aditi Technologies (Aditi), a rapidly growing leader in cloud-led modern application development.
Powered by Cloud and Analytics, Modern Application and Smart Mobile Devices are redefining how businesses engage with their customers, analyze, personalize and monetize. These customer facing Systems of Engagement (SoE) are poised to impact the revenue trajectory of every business - and this is the new capability that Symphony will acquire with the Aditi acquisition. The SoE market is expected to grow from $33 billion in 2013 to $111 billion in 2020 (Source: Zinnov). The combined company will have strong capabilities in delivering SoE based on analytics-powered modern apps and smart mobile devices.
Together, Symphony Teleca and Aditi is uniquely positioned as a category leader in the fast growing SoE market.
The combined strength ( with Aditi's 1500) is now 7,500 employees spread across a network of 40 global offices with innovation hubs in North and South America, Europe and Asia.
Aditi will continue to operate as a new division of STC under the leadership of its CEO Pradeep Rathinam who says: “The confluence of intelligent devices, cloud and analytics is the next breakthrough business opportunity for our customers.
Adds Symphony Teleca President and CEO Sanjay Dhawan: “The acquisition creates a unique force that will help today’s businesses drive their growth agendas and improve business agility by harnessing the power of analytics, modern applications and smart devices.”
Both companies have a presence in Bangalore.
Aditi has a strong reputation for Microsoft-focussed technologies and innovation. See our earlier story here Do see for a few days a video where Sanjay and Pradeep discuss the merger, in our Tech Video spot on the home page