NewswireToday - /newswire/ -
Bangalore, India, 2009/08/19 - Trianz Inc, a Consulting, IT and BPO services provider today announced the acquisition of Megasoft Consultants Inc, a US based IT Services subsidiary of Megasoft Limited (BSE Code No.: 532408).
Under terms of the definitive agreement unanimously approved by Boards of both the companies, the IT business of Megasoft operating under the brand-name of Blue Ally will be acquired by Trianz Inc.
"This marks the first of several initiatives Trianz will be undertaking to invest, scale and excel in client services in a dramatically altered global economy" said Sri Manchala, President & CEO of Trianz. "In discussions with clients during these changing times, it is clear that the measures of differentiation are not just domain expertise or cost savings. Clients today are looking at an overall value set from a partner driving innovation, acceleration of capabilities and long-term, stable partnerships. Blue Ally brings a combination of industry experience and innovative service delivery models, particularly through their investments in SaaS based platforms. Trianz will further invest in these service capabilities, quality management, infrastructure and employee development to grow as a long-term partner for the combined portfolio of clients"
Trianz and Blue Ally serve several prestigious clients in the High-Technology, Insurance, Banking, Communications and Manufacturing-Retail industry verticals with a portfolio of operations centric Management Consulting, a wide array of IT and BPO Services. The combined organization will serve clients in North America, EU, and India and Japan out of offices in Silicon Valley, Washington, New York area, multiple centers in India.
"A combination with Trianz is the right initiative for all stakeholders of Blue Ally. Trianz is on a serious growth and expansion mode and this move creates a scalable platform for enhancing partnerships with clients and a new set of learning and growth opportunities for all employees in the combined organization. We wish them the best" said GV Kumar, Managing Director of Megasoft Limited. "This divestiture also facilitates an increased focused on core business-Telecom services. On a go-forward basis, we expect to capitalize and build on the momentum generated in scaling existing clients and acquiring new ones through our highly successful Advanced Roaming, OSS and Convergent Service Delivery Infrastructure solutions."
About Trianz, Inc.
Trianz, Inc. (trianz.com) is a US subsidiary of Trianz Holdings Pvt. Limited, a privately held Consulting, IT and BPO Services based out of Bangalore, India. Founded in 2000, Trianz provides services to a global list of clients in high-technology, telecom manufacturing clients from offices in Silicon Valley, Bangalore and Tokyo.
About Megasoft Limited
Megasoft is a trans-national Intellectual Property driven, product-based technology company listed on the Mumbai Stock Exchange. Megasoft, a public listed company operates out of offices spanning Europe, Asia and America. Megasoft is a leading global provider of Advanced Roaming, OSS and Convergent Service Delivery Infrastructure solutions to Wireless & Wireline Network Operators and Service Providers. Strong partnerships with global leaders like HP, Teleglobe and TNZI have given Megasoft the reach and credibility to build a customer base spanning across Asia, Americas, Europe and the Middle East with over 65 commercial installations to its credit till date.