Symphony Teleca (STC) is set to acquire Aditi Technologies to enhance its cloud business that will be complementing STC’s engineering, mobile and analytics capabilities to strengthen its SoE business.
STC said Systems of Engagement (SoE) are modern applications that businesses use to engage with their customers by utilizing the convergence of cloud, mobile and analytics. The SoE market is expected to grow from $33 billion in 2013 to $111 billion in 2020, said Zinnov.
Symphony Teleca did not share financial details of the acquisition.
The combined company will have capabilities in delivering SoE based on analytics-powered modern apps and smart mobile devices. The company will serve enterprises, independent software vendors and connected systems manufacturers.
The combined team includes 7,500 employees spread across a network of 40 global offices with innovation hubs in North and South America, Europe and Asia.
The company is expected to experience 20 percent growth in 2014.
Aditi will continue to operate as a new division of STC under the leadership of Pradeep Rathinam, CEO of Aditi Technologies.
Romesh Wadhwani, chairman of Symphony Teleca, said: “This acquisition is further evidence of our commitment and the combined team is the clear global leader in delivering product and solution development services that drive innovation-led growth for our clients.”
SoE are built for scale, cloud-based and consumed on mobile devices as the point of engagement with customers. SoE require a radically new high speed, agile approach to development at the convergence of enterprise software, mobile software, user experience design and big data analytics.