Fri, 19 Jul 2019

Business assets of TE4B acquired by Version 1

ANI
21 Mar 2019, 14:37 GMT+10

Bengaluru (Karnataka) [India] March 21 (ANI/NewsVoir): TE4B announced that its business assets have been acquired by Cloud and Digital specialists Version 1. The additions of TE4B will double the offshore delivery capability of Version 1, enhancing their Global Delivery Model with the second Centre of Excellence in India.

"We are proud to be joining Version 1, a like-minded company with a focus on Customer Success, on simplifying the Digital journey, and with a shared commitment to common values, integrity and putting the customer first", said TE4B Founder and Managing Director Srihari Vedante.

"We are delighted to welcome the highly skilled team at TE4B to Version 1 and to enhance our Global Delivery Model with our second Centre of Excellence in India allowing us to better service evolving customer requirements and to accelerate the digital transformation of their core business processes. With TE4B joining the Version 1 family, they will assist in the delivery of a diverse range of projects and services to our customers including Digital Technology Enablement, Enterprise Resource Planning and Cloud migration. Version 1 is leading the way in enterprise digital transformation and we are excited about the opportunity to further support our customers' objectives with the addition of our new colleagues from TE4B", commented Version 1 CEO Tom O'Connor on the announcement.

The addition of TE4B brings the total Version 1 employee numbers to 1300 with 100 employees based in two centres in Pune and Bangalore.

TE4B Founder and Managing Director Srihari Vedante have been appointed to the Version 1 Senior Management Team. He will continue to provide day-to-day operational leadership and contribute to the integration and growth of the Indian operations of Version 1.

Version 1's growth strategy is focused on enhancing its presence and capabilities in key markets through strategic acquisition and organic growth. The acquisition of the business assets of TE4B is the third investment announced by Version 1 in a ten-month period, including the acquisitions of Dublin headquartered Data Analytics specialist Presidion and London headquartered HR Transformation specialist Cedar Consulting.

This story is provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)

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