: Tangentia acquires Cycloides Technologies #finance #StockMarketNEWS #Business NT NETWORK Panaji IT company Tangentia recently signed an agreement for the acquisition of Cycloides Technologies
Tangentia acquires Cycloides Technologies #finance #StockMarketNEWS #Business
NT NETWORK
Panaji
IT company Tangentia recently signed an agreement for the acquisition of Cycloides Technologies Kerala and Cycloides Inc. Canada. The acquisition will bring in new capabilities for off-shore product development, said the company.
Commenting on the acquisition, Vijay Thomas, CEO, Tangentia, said, “We are committed to investing and expanding to multiple states and have a pan-India presence to not only support our global customer base but to also support our ever-growing base of customers in India.?
He added that post the acquisition Tangentia will have the potential to generate over 100 new career opportunities globally.
Cycloides is a Kerala-based IT company to have a contract with top companies such as BMW Canada, Tune Protect (Air Asia subsidiary), Hospital Corporation of America and many others. Cycloides created the world’s first mobile heartbeat development center and has also won other strategic contracts with H&R Block, CTS and Hitachi.
Tangentia is a global digital transformation company headquartered in Canada and with an office in the state located in Porvorim. The company has over 1000 customers worldwide which include 13 Fortune 500 customers in 30 plus countries. Tangentia proprietary platforms manage transactions worth more than $ 10 billion annually.
“The merger comes with the promise of a better tomorrow for all the stakeholders. It is a fantastic match of an entrepreneurial mindset and complementary skill sets. With this acquisition, the employees, clients and partners of Cycloides will be part of a bigger network of operations and can access world-leading Tangentia solutions around robotic process automation, AI and B2B,? said Anil AR, former CEO Cycloides
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