PUNE: Incessant Technologies, an NIIT Technologies, announced that it has signed a definitive agreement to acquire 55% interest in RuleTek LLC, a BPM architecture services company with a track record of successful implementations for Fortune 500 companies.
Headquartered in Meridian, Idaho, RuleTek is a fast-growing business serving customers in the US, with about 65 employees. The company reported revenues of $ 6.47 million for FY2017.
This transaction will enable Incessant to strengthen its digital integration capabilities, expand its footprint in the high-opportunity North American market, and add near-shore capabilities to its existing delivery model.
Vijay Madduri, CEO, Incessant Technologies said “RuleTek is a perfect match for us, offering substantial synergies to accelerate our growth in the North American market. This transaction also strengthens our position as a leader in digital orchestration and enterprise iBPM solutions.”
Korby Wright and Mark Covrig, Managing Directors, RuleTek said, “We are excited to join forces with Incessant, which will enable us to better serve our clients with the combined capabilities of both organizations.” This transaction will be margin and earnings accretive. It will also provide the clients of Incessant and RuleTek access to over 500 certified consultants.
Arvind Thakur, Joint MD, NIIT Technologies said, “This initiative enhances our near-shore capabilities in line with the intent to service our US clients with a well-rounded delivery model involving onsite, offshore, and near-shore capability.”
About Incessant Technologies offers digital integration capabilities through the agile delivery of iBPM solutions primarily in the banking and financial services, government and manufacturing sectors.