itellegence acquires Hyderabad-based vCentric Technologies

Global SAP solution provider itelligence India Software Solutions Pvt Ltd today said it has acquired 100 per cent stake of vCentric Technologies Pvt Ltd a city-based reseller of SAP software and premium SAP services provider.
The 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, according to a press release issued by itelligence India.
"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, we are now one of the leading SAP partners in the subcontinent," Norbert Rotter, CEO of itelligence said.

Sanjeev Deshpande, MD itelligence India said the acquisition of vCentric has allowed the company to offer services across different geographies in India and different segments.
"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," Venugopal Uppalapati, past Chairman of vCentric, who is now a member of the executive management team of itelligence India, said.
The parties have agreed not to disclose the transaction amount, the release said.