Hyderabad: The Indian arm of itelligence, a global provider of SAP solutions, itelligence India Software Solutions, as part of its growth strategy in the country, has acquired 100 per cent stake in vCentric Technologies, a reseller of SAP software and premium SAP services provider based in Hyderabad for an undisclosed amount.
Norbert Rotter, CEO of itelligence said, “The acquisition of vCentric is the first step for our strategic expansion into the growing local Indian IT market. With more than 1,300 employees (including 670 employees from vCentric), we are now one of the leading SAP Partners in the subcontinent.”
vCentric Technologies has operations in Hyderabad, Bengaluru, Chennai, Delhi, Mumbai and Kolkata and is the first company to be acquired by itelligence in India.
This acquisition will help itelligence to expand its offerings throughout India to serve local and international customers even more effectively and efficiently for the upcoming tasks of digitalisation.Sanjeev Deshpande, MD itelligence India said, “The acquisition of vCentric allows us to offer services across different geographies in India and different segments. itelligence will continue its industry focus to deliver the quality and best fit solutions to its customers.”
vCentric possesses deep SAP know-how and has a broad customer base. Not only was vCentric named SAP Partner of the Year in India for the last three years, in April 2017, SAP named vCentric a Digital Business Partner and in May an SAP Recognized Expert Partner.
“We are very excited to be part of the itelligence family and together we will grow and serve our customer base in India and the subcontinent with best in class solutions and services offerings,” said Venugopal Uppalapati, past chairman of vCentric, who is now a member of the executive management team of itelligence India.itelligence has operations in 24 countries.
The company’s services in support of SAP solutions range from consulting and licensing to application management services and hosting services to proprietary industry-specific solutions.
In 2016, itelligence generated total sales of EUR 778 million. VCentric has provided services to over 250 customers across India into various industries.