Zensar, an RPG firm, has entered right into a definitive settlement to accumulate M3bi, a Scottsdale, Arizona-based information engineering and digital engineering agency.
This acquisition will probably be utterly funded by inner accruals. Monetary particulars of the deal weren’t disclosed.
The addition of M3bi reinforces Zensar’s new technique, which focuses on areas of market alternatives that enable Zensar to pay attention group assets, investments and alliances to ship most enterprise influence.
Ajay S Bhutoria, Chief Govt Officer and Managing Director, Zensar Applied sciences, stated, “information engineering and analytics and superior engineering are key strategic development alternatives for us. With the addition of M3bi’s capabilities, we’ll broaden our choices on this area to deal with the business-critical wants of our purchasers. Shoppers in search of large-scale digital transformation will be capable of leverage our mixed experience.”
M3bi augments Zensar’s thrust within the information engineering, analytics and AI/ML and superior engineering companies.
The acquisition will add marquee purchasers to Zensar’s portfolio in each Banking, Monetary Providers & Insurance coverage and different verticals, permitting Zensar and M3bi to collectively drive an expanded set of choices to those international companies.
Harsh Goenka, Chairman of RPG Enterprises and Zensar Applied sciences, stated, “we’re reinforcing our strategic development constitution with the acquisition of M3bi.
Our acquisitions in recent times have enhanced our competitiveness, bringing worth to our clients. The staff steered by Anir and Suresh brings a mix of capabilities and powerful shopper relationships to our fold.”
M3bi founders Suresh Potluri and Abir Khandekar will proceed to be with Zensar.
M3bi was based in 2010 and is has 445 professionals throughout the US and India.