Mastech Digital announced that it has entered definitive agreements to acquire the services division of InfoTrellis, Inc., a Canada-based Data Management & Analytics company. The acquisition will bring together two differentiated companies - both with global brand recognition and complementary service offerings.
The acquired business, to be branded as Mastech InfoTrellis, will offer project-based consulting services to customers in the areas of Master Data Management, Data Integration, and Big Data, and at the same time strengthen Mastech Digital’s digital transformation services capability. InfoTrellis’ industry-wide recognition for its thought leadership and depth in data management & analytics as well as proven global delivery expertise should enhance the growth opportunities of the combined entity.
Synergies from the combined enterprise:
• Ability to participate in larger digital transformation deals
• Opportunity to cross-sell broader range of service offerings to existing and future customers of both businesses
• Larger scale, improved operational efficiencies and expanded global delivery model
• Better economies of scale from shared support services integration
“We began transforming Mastech into a digital transformation services company a year ago when we launched our new name ‘Mastech Digital’ and recast our service offerings. The acquisition of InfoTrellis will be a significant milestone in that journey. I am delighted with the capabilities InfoTrellis brings to the Mastech Digital family and am excited about creating a combined organization that will deliver world-class services around Data Management & Analytics in its expanded portfolio of digital transformation services,” commented Vivek Gupta, President and CEO of Mastech Digital
“We are excited and looking forward to uniting with Mastech Digital, which has global brand recognition and is highly respected in the IT industry. I am confident that our strengths in delivering project-based consulting services in Data Management & Analytics, combined with Mastech Digital’s scale and proven experience in providing IT staffing and digital transformation services, will create a powerful go-to brand in the industry,” said Mahmood Abbas, CEO and Co-founder of InfoTrellis
“The integration will advance our vision of addressing the wider challenges faced by our clients in adopting Big Data and Advanced Analytics. We believe the combination of Mastech Digital and InfoTrellis will have a meaningful impact in the way Data Management and Analytics consulting is delivered by us,” said Sachin Wadhwa, Chief Operating Officer and Co-founder of InfoTrellis
InfoTrellis has over 200 associates globally, a customer-base of more than 40 blue chip customers in North America, offices in Toronto (Canada) and Austin (Texas, U.S.), as well as a global delivery center in Chennai (India).
The transaction is valued at $55 million. The funding for the transaction will consist of a combination of debt and equity.
The acquisition is subject to customary closing conditions and is expected to close in July 2017.