Incessant Technologies which is an NIIT TechnologiesBSE -92%, made an announcement that it has signed an agreement to own 55% share in RuleTek LLC, a BPM architecture service company which has successfully implemented the technology in Fortune 500 companies.
Headquartered of RuleTek is located in Meridian, Idaho and it is a fast developing business that is serving clients in the US with the help of almost 65 representatives. The company had claimed revenue of $6.47 million in the fiscal year of 2017.
Capabilities of Incessant will be maginified
Digital integration capabilities of Incessant is about to strengthen after this transaction and likewise it is about to set its leg in North American Market and include a near shore abilities to its preexisting model of delivery services.
RuleTek is perfect for Incessant
Vijay Madduri who is CEO at Incessant Technologies said that, “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”.
Managing Directors at RuleTek, Korby Wright and Mark Covrig said that, “We are excited to join forces with Incessant, which will enable us to better serve our clients with the combined capabilities of both organizations”.
Transaction pompt higher margin and profit
The transaction will earn increased margin and profit. It will also enable the clients of Incessant as well as client of RuleTek to access more than 500 certified consultants.
Joint MD at NIIT Technologies, Arvind Thakur said that, “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’s offers
Incessant Technologies provides digital integration options through agile methodology of iBPM solutions. They focus primarily on banking and financial services, manufacturing sector and government organization.