IT solutions company NIIT Technologies has picked up 51 percent stake in Incessant Technologies, a global BPM vendor, to focus on digital business.
The company did not reveal financial details.
The fund infusion will enable Incessant Technologies to build new capabilities, invest in R&D expand in new geographies like North America and Europe and enter into new verticals such as travel and transportation.
Incessant Technologies enables its clients to automate and integrate business processes with digital front ends and currently has 300+ consultants who are certified practitioners. The company has relationships with 20+ clients and alliance partnerships with BPM platform providers such as Pegasystems and Appian.
Sudhir Chaturvedi, COO of NIIT Technologies, said: “Incessant is a perfect match for NIIT both from being optimally positioned to capitalize on the digital integration opportunity and having a strong growth track record.”
Incessant Technologies has clocked FY 2014 revenue of $13.9 million. The company targets to achieve revenue of $17 million for FY 2015.