Incessant Technologies, a NIIT Technologies company dealing in digital integration and agile delivery of enterprise level business process management (BPM) solutions has signed a definitive agreement to acquire a 55 percent 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 dollars 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 of 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 Enterprise iBPM solutions.” Korby Wright and Mark Covrig, managing directors of 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.”
Meanwhile Arvind Thakur, CEO and joint MD for NIIT Technologies commented, “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.”
This transaction will be margin and earnings accretive. It will also provide the clients of Incessant and RuleTek access to over 500 certified consultants.