Anil Yerramreddy
Irving-based global enterprise IT services provider MOURI Tech has acquired Versant Systems PTE LTD, a Singapore-based IT services company in a strategic move it said marks a significant milestone in MOURI Tech’s expansion strategy.
The company said the acquisition strengthens its presence in the Asia-Pacific (APAC) region and meets the growing demands of its global clientele.
“This acquisition is a testament to our commitment to growth and global expansion,” Anil Yerramreddy, global CEO of MOURI Tech, said in a statement.
Adding Versant’s expertise in manufacturing and logistics sectors into the MOURI Tech portfolio will put his company “in prime position to provide enhanced services and solutions to our clients worldwide,” Yerramreddy added.
Terms of the acquisition were not disclosed.
Looking to expand R&D in Singapore
Sashidhar Bandi, CEO of Versant Systems, said the deal presents great opportunities, “particularly in expanding our R&D capabilities.”
Bandi said the synergies of the combined company would “accelerate our growth and deliver even greater value to our customer stakeholders.”
Benefits of the deal
The acquisition provides Versant Systems with access to MOURI Tech’s Centre of Excellence, enabling it to leverage best practices and innovative solutions. The move allows both companies to benefit from cost arbitrage in the changing global market scenario, ensuring a competitive edge in the industry, they said.
Founded in 2005, MOURI Tech said it offers innovative solutions and unwavering commitment to client success.
Its portfolio includes digital transformation, intelligent ERP, cloud security, and automation, striving to deliver valuable results for a wide range of industries, including Fortune 500 companies.
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