Symphony Services merges with Teleca

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Symphony Services merges with Teleca

Symphony Service and Teleca have entered into a definitive merger agreement to create Symphony Teleca Corporation. The transaction, which is approved by the boards of directors of both companies, believed to build upon the complementary strengths of each company to create a truly global leader in the transformation of software, connected devices and enterprise mobility.

The company will be head-quartered in Palo Alto, California and led by industry veteran Sanjay Dhawan as Chief Executive Officer.

"This union is about a strategic fit between two experienced and well-respected global companies that together will continue to serve existing customers and new organizations as the clear services partner of choice for those in the business of making or using software and software-enabled products in the connected world. Symphony Teleca is global in scale, has clear leadership in the areas that will define next-generation cloud and connected software applications, boasts one of the largest R&D capabilities focused on enterprise software and mobility, and employs one of the most experienced global services teams in the industry," said Dhawan.

Dr. Romesh Wadhwani, Founder, Chairman & CEO, Symphony Technology Group said, "The strategy driving this merger is compelling. Enterprise software, cloud and mobile technologies are at the beginning of a significant convergence and transformation, changing the way products are built, commercialized and operated across service-provider networks, enterprise networks and an array of personal devices. This presents extraordinary opportunities for our combined company to accelerate its growth and creates a formidable industry competitor with the most comprehensive solution portfolio available."


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