SOA Software's Services Business Acquired by Zensar for $25 Million
Zensar, an India-based global provider of enterprise information technology solutions is acquiring SOA Software’s services business for $24.9 million in cash. In addition, SOA Software, with Zensar, a strategic partner, will cooperate to deliver and support SOA solutions to joint customers.
ebizQ received the following details:
SOA Software, which has had a presence in the professional services field since its founding in 2001, is spinning off the group in order to concentrate on its growing enterprise software business. With the success of its SOA Infrastructure Suite, which includes the award-winning Service Manager and SOLA products, the company is the leader in governance and management products for enterprise Service-Oriented Architecture. This transaction bolsters SOA Software’s ability to fund its ground-breaking efforts in the area of Active SOA Governance, the company’s unique approach to governing enterprise Web Services from design time through run time.
“SOA Software had a great year in 2006 and now we will accelerate our growth,” said Paul Gigg, CEO of SOA Software. “Our focus on active governance, mediation and management has proven to be the right strategy.”
“We are very pleased to have this relationship with SOA Software,” said Dr. Ganesh Natarajan, deputy chairman and managing director of Zensar. “We are looking forward to working together on SOA projects in U.S., Europe and Asia.”
Though based in India, Zensar Technologies is a truly international firm, with operations and a customer base spanning across 18 countries including software development centers in India and China. The firm has expertise in key verticals of manufacturing, retail, logistics, financial services, telecom and utilities, offering end-to-end solutions across diverse technology platforms and industry domains through a Global Delivery Model, which delivers 24 X 7 services. Zensar has formed lasting relationships with customers like Cisco, National Grid, Fujitsu, Marks and Spencer, Danaher Corporation, Electronic Arts and Logitech among others. Zensar has also forged strategic technology partnerships with global technology leaders such as IBM, Microsoft, Sun Microsystems and Oracle.