One of the leading global professional services companies- Genpact- has recently announced that it has acquired California-headquartered analytics and data engineering firm, Enquero, to fortify its digital transformation. The transaction value of this deal has not yet been disclosed.
Over the years, Genpact has evolved from a BPO company to a digital transformation services firm. Speculations have it that True Blue Partners was named the private financial advisor to Enquero during the transaction.
As per official sources, the acquisition is anticipated to support Genpact’s clients to deal with the expanding volumes and complexities of data while also increasing the scale and depth of its data and analytics teams.
Moreover, the deal, as per N.V Tyagarajan- CEO of Genpact, would further bolster the firm’s capabilities to accelerate the journey of digital transformation of its clients. This apart, Enquero’s proficiency in consumer goods domains and cutting edge technologies would complement Genpact’s current capabilities in offering end-to-end transformation to its enterprise clients.
For the record, Enquero stands to be a global technology solutions provider established in 2014 which looks towards offering digital engineering, consulting and architecture, data engineering and analytics, and enterprise application solutions to its customers worldwide.
Speaking on the acquisition, Arvinder Pal Singh, CEO of Enquero, stated that joining forces with Genpact has emerged to be a logical step for Enquero. He added that the company believes that Genpact’s domain, technology leadership, global footprint, extensive client base, and scale would help both the companies scale up their solutions to transform even more organizations in the years to come.
That said, it has been reported that Arvinder Pal Singh would continue to lead the business and all the Enquero employees will join Genpact, upon the conclusion of signing of the acquisition deal. Genpact employs about 50,000 people in the Indian subcontinent out of its total workforce of over 96,000 as the company’s CEO considers India to be an incredible market for the company.
Source Credit: https://www.livemint.com/industry/infotech/genpact-acquires-data-engineering-and-analytics-firm-enquero-11609859252640.html