New MW Header

April 10, 2014
MW Transaction Analysis  

Symphony Teleca to Acquire Aditi Technologies

Financial Overview
  • Transaction Size:                                                   $75 - 80 million*

Transaction Facts  

  • Symphony Teleca, a US-based technology services company, is acquiring software product and services company Aditi Technologies for Rs 450 crore - Rs 480 crore ($75-80 million), according to media reports.
  • The transaction, which is one of the largest deals in the sector this year, has yet to be approved by India's Foreign Investment Promotion Board.
  •  Aditi Technologies earned revenue last year of $70-$75 million (Rs 426 crore - Rs 450 crore), and provides software and services to major clients including Deutsche Bank, Ford, and Universal Studios.

Indian Firms are In Demand    

  • Cloud Capabilities Generate Strong Interest: This transaction demonstrates the continued interest in companies with cloud capabilities as the shift to cloud based solutions persists.
  • Consolidation Remains Major Force: Smaller Microsoft IT service providers continue to consolidate as growth and scale become increasingly important.
  • Strong Synergies Fuel Merger: The transaction brings synergistic opportunities to both parties. Aditi's experience in cloud, design and engineering complement Symphony's strengths in mobile and analytics.
  • Activity In the Space: This acquisition follows two other deals in the U.S. this week where Microsoft Dynamics partners combined:


For more information, read the press release here.

 

*According to media reports

 

 martinwolf was not the advisor in this transaction. 


About martinwolf    

 

                
             San Francisco, CA                                                Bangalore, India

With offices in San Francisco and Bangalore, India, martinwolf is a leading middle market M&A Advisory focused on companies with services-based business models. Since 1997, our team has completed more than 115 transactions in nine countries. We are a five-year member of the Merrill Lynch PS Referral Network, and are a strategic partner of the Enterprise Advisory department of CICC, China's first joint-venture investment bank.

 

The firm is also a presenting sponsor of the Global IT M&A Forum.   

 

martinwolf is a member of FINRA and SIPC. For more information, visit www.martinwolf.com.  

 

To learn more about martinwolf, contact Matthew Putzulu at mputzulu@martinwolf.com.

 

martinwolf 2014

      View our profile on LinkedIn   Follow us on Twitter



Quick Links

MartinWolf.Com

 

  IT M&A Forum  

 

 

 

_____________ 

 

"Coming together is a beginning; keeping together is progress; working together is success."

 

Henry Ford
________