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Reddy's Sierraatlantic acquires Sceptre Database
By siliconindia
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Thursday, 03 February 2005, 20:30 IST
FREMONT, CA: Sierra Atlantic, a provider of offshoring enterprise applications, today announced the acquisition of Sceptre Database Consultants Inc., a leading provider of Enterprise Application outsourcing and consulting services. With this acquisition, Sierra Atlantic expands its on-shore operations while strengthening its US East Coast presence.
Combined, Sierra Atlantic and Sceptre bring over two decades of excellence in outsourced Enterprise Application implementation, upgrades, development, and maintenance & support, serving over 500 customers globally.
"In Sceptre, we found the experienced management team, business reputation, US East Coast presence, and financial services and retail industry expertise needed to further accelerate our Enterprise Applications practice," said Raju Reddy, CEO of Sierra Atlantic. "Our business models and high-integrity cultures mesh nicely, giving us the ability to accelerate our growth, both on and offshore, while providing superior enterprise application services."
"After completing our best year ever and growing by 40 percent, it was a strategic move for Sceptre to join forces with a seasoned offshore partner," says Peter Borans, President of Sceptre. "Sierra Atlantic provides us with an established offshore arm, as well as an excellent track record in providing global enterprise application services to software companies and their customers. By joining forces with Sierra Atlantic, we will be able to
offer our existing client base, as well as new clients, a broader range of service offerings." In his new role, Mr. Borans will serve as Vice President of Services, North America - East Coast for Sierra Atlantic.
Founded in 1998, Sceptre is a full-service certified Oracle partner that works with Fortune 500 to startup companies to meet all of their consulting and outsourcing needs. As a premier provider of Oracle services, Sceptre serves over 150 Oracle customers. With an award-winning professional team, Sceptre delivers cost-effective solutions including implementations, upgrades, outsourcing & support, customizations, and migrations.
Since 1993, Sierra Atlantic has built a solid reputation by developing deep R&D relationships with leading enterprise application vendors, with a strong Oracle focus. Using its NShore(tm) Methodology, Sierra Atlantic provides complete lifecycle Enterprise Application Management solutions. NShore(tm) consists of best practices, tools and processes that ensure the right mix of near-shore and offshore software services for both enterprise application vendors and their customers. With development centers in the US, UK, India and Singapore, and the support of the NShore(tm) methodology, Sierra
Atlantic caters to global customers to spearhead software development initiatives.
"Today's competitive market requires IT service providers to optimize their application service mix between on-site and offshore teams, using a flexible approach tailored to each customer," says Barry Mason, Senior Analyst, Application Outsourcing and Offshore Services at IDC. "Companies poised for success in the application services market will be the ones that create a balanced delivery capability."