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Datamatics Acquires Cignex

Hari Anil
Wednesday, September 7, 2011
Hari Anil
Datamatics Global Services (DGSL), the global Information Technology (IT) and Knowledge Process Outsourcing (KPO) organization, has acquired majority control in Cignex Global Holding Corporation. Cignex, a U.S. based commercial Open Source and SAP Connect solutions provider will be a subsidiary of Datamatics post acquisition.

Cignex has a strong history of above market average, profitable growth. The company benefits from its focused strategy on Open Source Enterprise Content Management and a highly experienced team of 400 plus consultants. It provides solutions across verticals, which include web content management, portals and social collaboration, e-commerce, and documents and records management. This acquisition will also benefit Datamatics in increasing its domestic and global footprint.

“In sync with the industry sentiment we are looking forward to implement our expansion plans via both the organic and inorganic route aggressively during the upcoming quarters; while optimizing costs and enhancing value. We expect the growth plans to consecutively reflect immensely in our performance for the consecutive quarters,” says Rahul Kanodia, Vice Chairman & CEO, Datamatics Global Service. The company had previously acquired Vista Info Systems, thereby increasing its focus on Embedded Systems space in Aeronautics and Automative sector.

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