Santa Clara, CA (PressExposure) September 19, 2011 -- CIGNEX, a global leader in commercial Open Source and SAP connect solutions, today announced that it has completed the process of selling 72 per cent stake to Datamatics Global Services, a global IT & KPO major.
"CIGNEX has been enabling global enterprises reduce the Total Cost of Ownership (TCO) of their IT investments using Open Source solutions. CIGNEX's proven Open Source expertise would provide significant benefit to our global clients in adopting Open Source. Acquiring CIGNEX would also help us expand our footprint to San Francisco and Singapore. Domestically, it would also reinforce Datamatics' strategy for establishing a stronger base in India through CIGNEX' presence in Ahmedabad." said Rahul Kanodia, Vice Chairman & CEO, Datamatics Global Services.
"Over 200 satisfied clients, strong partnerships with technology providers such as Alfresco, Liferay, Drupal & Magento and recognition from analysts worldwide bears testimony to the value added by CIGNEX in the last ten years. Becoming part of Datamatics, a strong public listed company, provides us a platform to grow faster, provide wider solution offering to our clients and access to large enterprises for deploying Open Source solutions. The breadth of IT offerings provided by Datamatics would enable CIGNEX to undertake significantly larger engagements providing end-to-end IT solutions and taking client relationship to the next level," commented Paul Anthony, CEO, CIGNEX.
Effective immediately, CIGNEX would be known as CIGNEX Datamatics Corporation, a subsidiary of Datamatics Global Services.
About Datamatics Global Services: Datamatics, a trusted partner to several Fortune 500 Companies is a global provider of Information Technology (IT) and Knowledge Process Outsourcing (KPO) and Consulting services. The company provides business aligned next-generation solutions to a wide range of industry verticals that help enterprises across the world overcome their business challenges and achieve operational efficiencies. These solutions leverage innovations in technology, knowledge of business processes, and domain expertise to provide clients a competitive edge.
Datamatics specializes in Engineering & Embedded Services, Finance & Accounting Services, Information Management, IT Consulting, IT Services, Publishing Services, Research & Analytics, Resource Augmentation, Smart Document Processing, Billing & Payment Solutions, and Online Retail Solutions.
For further information, please contact:
CEO - CIGNEX Datamatics Corporation