Incessant Technologies to acquire 55% stake in RuleTek

Incessant Technologies, an arm of NIIT, has signed a definitive agreement to acquire 55% stake in BPM architecture services startup RukeTek. The latter is based out of US, and caters primarily to American market only. This acquisition will help Incessant Technologies to strengthen its digital integration capabilities, expand its footprint in the high-opportunity North American market, and add near-shore capabilities to its existing delivery model. Vijay Madduri, CEO Incessant Technologies, said that “RuleTek is a perfect match for us, offering substantial synergies to accelerate our growth in the North American market. This transaction also strengthens our position as a leader in digital orchestration and enterprise iBPM solutions”.

The firm offers digital integration capabilities through the agile delivery of iBPM solutions primarily in the banking and financial services, government and manufacturing sectors. Showing confidence in the deal, the Managing Directors of RuleTek, Korby Wright and Mark Covrig, commented that “We are excited to join forces with Incessant, which will enable us to better serve our clients with the combined capabilities of both organizations. This transaction will be margin and earnings accretive. It will also provide the clients of Incessant and RuleTek access to over 500 certified consultants”.