Saxon Global acquires Bangalore-based mobility solutions firm Wit Innovation
US-based Saxon Global Inc, a provider of IT consulting and solution engineering services, has acquired Bangalore-based mobility solutions firm Wit Innovation Technologies Pvt Ltd for an undisclosed amount.
Wit Innovation focuses on enterprise mobility and offers solutions customised for verticals including education, hospitality, entertainment, media, travel and healthcare. The company claims that it bridges the gap between the web and the mobile by providing mobile app development, mobile website and mobile testing services to its clients. It has worked with clients across 16 countries and has built products for iOS, Android, BlackBerry and Windows Phones.
It was founded in 2006 by Sachin Garg (CEO) and Vibhor Gupta (COO). A B Tech from IIT Varanasi, Garg is also CEO of MinT Loyalty Services. He had earlier worked at Cisco, Intel Corp and Symbol Technologies. His partner Gupta holds a MBA degree from Indian School of Business (Hyderabad), and had earlier worked at Wipro, Cognizant and Infosys.
"As a lot of our long-time customers started to demand several services in emerging technologies like Business Intelligence and cloud apart from enterprise mobility, we thought it may be best to merge with a company which can help fulfil our customers' need and we found a perfect match in Saxon Global. With these added services, size and presence across the globe, we are looking forward to provide even more value to our existing customers and add new customers," said Garg.
Saxon Global said that this acquisition will enable it to offer enhanced IT solutions that target customers' needs in Big Data and mobile applications. The deal also adds a list of clients to Saxon Global's client portfolio as well as the opportunity to expand client relationships in financial services, healthcare, media and hospitality & entertainment.
"With the acquisition of ISAC Global, our aim was to boost Saxon's expertise in Big Data analytics and web intelligence and complement its business intelligence and data warehousing solutions offering. Now, with Wit Innovation, we continue to strengthen our core offerings with the addition of high-performance mobile development centres, skilled engineering talent and deep vertical market expertise," said Gopi Kandukuri, founder and CEO, Saxon Global.
In December 2012, Saxon Global had acquired Bangalore-based Ideas Software and Consulting Pvt Ltd (ISAC Global), a boutique big data and web intelligence solutions firm for an undisclosed amount.
Saxon Global is a data analytics and business intelligence solutions provider that enables organisations across industries such as financial services, retail, telecom, healthcare and media entertainment to adopt IT tools and services for their growth. Its key clients include GE, Rediff, AT&T, Fujitsu and Columbia Asia.
(Edited by Joby Puthuparampil Johnson)