Zensar to acquire US-based Akibia Inc

Software services provider Zensar Technologies has entered into an agreement to acquire a US-based company PSI Holding Inc and its wholly owned subsidiary Akibia Inc. According to Zensar, this acquisition will strengthen its position in the critical and infrastructure management and information security space by combining its Remote Infrastructure Management (RIM) offshore services for global clients with Akibia’s United States and European Data Center practice.

The company has not disclosed the financial details of the acquisition.

Announcing the acquisition, Harsh Goenka Chairman of RPG and Zensar said "The combination of the two companies will enhance the value Zensar delivers to customers. It is strategic to Zensar, as Akibia is a key player in the infrastructure management space with revenues of over 100 million US Dollars and a robust management team in the US and Europe."

"Zensar’s Infrastructure Consulting and Data center Management capabilities, with Akibia’s cumulative knowledge, experience and best practices of supporting and securing mission-critical data centers will give us a full life cycle capability to service global customers and add over 300 outstanding global associates to the Zensar team" said Dr Ganesh Natarajan, vice chairman and managing director, Zensar Technologies.

Thomas Willson, executive chairman Akibia Inc said, "Akibia has been a trusted advisor to our customers and partners for over 20 years – our integrity and service acumen are unmatched in the industry, we engage with our clients and deliver the highest quality of service."

The acquisition of Akibia will also diversify Zensar’s Information Security business by adding Akibia’s system integration and consulting expertise in the fast growing network security, compliance and risk management markets.

For Akibia, joining Zensar will provide global operational scale and the ability to penetrate new geographies and markets more efficiently. The enhanced capability will allow bidding for projects that involve multiple service lines and will enable Akibia to leverage Zensar’s offshore capability to evolve into a more profitable multi-shore model.