Cyient to acquire mobile workforce management consultant WorkForce Delta
Cyient has agreed to acquire WorkForce Delta, an Australia-based consulting firm in mobile workforce management, for $2.7 million and earn outs based on future performance.
The Indian IT services provider said that the acquisition will strengthen its IntelliCyient digital solutions suite portfolio by growing its front-end consulting capabilities for digital solutions for mobile workforce management.
The deal is being executed by Cyient Australia, the company’s fully-owned subsidiary.
According to Cyient, there has been an increasing demand for inclusive field force management solutions in the utilities and telecom sectors.
Krishna Bodanapu – Cyient MD and CEO Krishna Bodanapu said: “Workforce Delta’s growing footprint is a testament to their expertise and the growing market need for streamlined mobile workforce management processes.
“By leveraging their team of consultants, we aim to become an industry leader in this area across sectors. This acquisition is also in line with our strategic path forward on enabling digital transformation success via our IntelliCyient framework for our customers.”
Cyient to acquire Australia-based mobile workforce management consultant WorkForce Delta. Photo courtesy of Nidhuna Official/Wikimedia Commons.
Established in 2015, WorkForce Delta has a team of 11 consultants with years of experience in advising and executing workforce management programs for corporations around the world. The revenue of the Australian consultancy firm is expected to be around $2.9 million in 2021.
Cyient said that the acquisition will enable it to provide complete lifecycle solutions, ranging from process consulting to implementation of solutions to analytics and managed support services.
Yuri Margoulis – Co-Founder and Managing Director of WorkForce Delta said: “We are excited to embark on a new chapter for our organization by joining the global Cyient family.
“Cyient’s extensive range of solutions and offerings are highly complementary to our mobile workforce management expertise and we look forward to leveraging both organizations’ capabilities to deliver more innovation, value-add, and business outcomes to our customers around the world.”
The deal is expected to close within a week, subject to certain preceding conditions.