BANGALORE: Ivega?s domain expertise combined with Amoolya?s experience in the niche and fast growing medical insurance space is expected to create a capability set that will significantly help clients to focus on maximizing their business impact of technology investments. "This is a very exciting moment for both Ivega and Amoolya Technologies. The merger demonstrates Ivega?s commitment to the Banking, Financial Services and Insurance sector (BFSI) and our intention is to enhance our delivery capabilities", said Ivega Corporation, Founder and Chief Executive Officer, Giri Devanur. Raghupati G Bhandi, founder and CEO of Amoolya will assume the role of Chief Operating Officer at Ivega Corporation. Bhandi was earlier with Infosys Technologies for over 12 years and left as Senior Vice President. "This strategic merger brings to us, new world class opportunities with top-tier clientele in advanced markets, thus opening up a new revenue line going forward. With our combined strength, we will pool in our expertise and resources to help companies to define, design and implement their business goals effectively," remarked Bhandi. Under the terms of the agreement, Ivega will assume the support contracts of Amoolya?s customers and partners, and all trained and skilled manpower will be absorbed into the company. In addition, Amoolya will provide the necessary support to strengthen delivery, quality and human resource capabilities at Ivega.
Source: IANS