Hyderabad, May 31 (IANS) Incessant Technologies, an NIIT Technologies company, on Wednesday announced that it has signed a definitive agreement to acquire 55 percent interest in US-based RuleTek LLC.
Incessant Technologies is a leader in digital integration and agile delivery of enterprise BPM solutions while RuleTek is 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, it said in a statement.
This transaction will be margin and earnings accretive.It will also provide the clients of Incessant and RuleTek access to over 500 certified consultants.
“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,” said Incessant Technologies CEO Vijay Madduri.