Pune, India, May 15, 2021: Zensar, an RPG company, and the management of M3bi announced today that they have entered into a definitive agreement for Zensar to acquire M3bi, a Scottsdale, Arizona-based data engineering and digital engineering firm.
Zensar Technologies Ltd will acquire the entire share capital of M3bi Private Limited (“M3bi India”), and its wholly owned subsidiary, Zensar Technologies Inc., will acquire the entire share capital of M3bi LLC. This acquisition will be completely funded by internal accruals.
The addition of M3bi reinforces Zensar’s new strategy which focuses on areas of market opportunities that allow Zensar to concentrate organization resources, investments and alliances to deliver maximum business impact. In particular, M3bi strongly augments Zensar’s thrust in the data engineering, analytics and AI/ML and advanced engineering services.
The acquisition will add marquee clients to Zensar’s portfolio in both Banking, Financial Services & Insurance and other verticals, allowing Zensar and M3bi to jointly drive an expanded set of offerings to these global firms. One of the key tenets of Zensar’s strategy involves offering depth and scale in the areas of digital engineering and data and analytics, the core offerings of M3bi.
Commenting on this acquisition, Harsh Goenka, Chairman of RPG Enterprises and Zensar Technologies, said, “We are reinforcing our strategic growth charter with the acquisition of M3bi. Our acquisitions in recent years have enhanced our competitiveness, bringing value to our customers. The team steered by Anir and Suresh brings a combination of capabilities and strong client relationships to our fold.”
Ajay S. Bhutoria, Chief Executive Officer and Managing Director, Zensar Technologies, commented, “Data engineering and analytics and advanced engineering are key strategic growth opportunities for us. With the addition of M3bi’s capabilities, we will expand our offerings in this space to address the business-critical needs of our clients. Clients looking for large-scale digital transformation will be able to leverage our combined expertise. We are delighted to welcome the M3bi team to the Zensar family and look forward to working closely together to accelerate business growth.”
Suresh Potluri, Co-founder of M3bi said, “Our customers are some of the most well-recognized global brands. Our clients require advanced engineering skills to develop new platforms and data analytics solutions to make informed decisions to drive better customer experience and engagement. Zensar’s expertise in the digital technology space will add more depth to our customers.”
Anir Khandekar, Co-founder of M3bi, said, “We are delighted to be part of a global company like Zensar. M3bi’s values center around creating customer value, which is in sync with Zensar’s core values, too. With Zensar, we can now take extended capabilities of customer experience, design and cloud-led transformation to our customers. This will significantly accelerate their growth and expansion.”
M3bi was founded in 2010 and is headquartered in Scottsdale, Arizona in the US. M3bi has 445 professionals across the US and India. M3bi provides information technology services, including data engineering, business intelligence and analytics, data warehousing and big data, and digital engineering services, including mobile and user experience and user interface development. M3bi works with some of the leading global brands, displaying a cross-section of CIO, CMO, and CDO focused expertise. The team includes architects, leads, senior software and platform engineers, senior business analysts, and data warehouse solutions specialists with deep engineering expertise across digital technologies.
Post-acquisition, M3bi will continue to be managed by co-founders Anir Khandekar and Suresh Potluri.
Zensar is a digital solutions and technology services company that partners with global organizations across industries to achieve digital transformation. With a strong track record of innovation, investment in digital solutions, and commitment to client success, Zensar’s comprehensive range of services and solutions help clients achieve new thresholds of business performance through client satisfaction, excellence in delivery, and innovation.