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\"The transaction has been completed as of Thursday and it<\/a> (Sryas) has been fully acquired,\" Patil told reporters.
Following the acquisition, Sryas Inc President and CEO Vish Ramesh would join the board of Orion Innovation. Sryas adds more than 550 associates to Orion, including engineers in India, Canada, Mexico and the Philippines. The acquisition would increase the headcount to about 7,000 associates and presence of 12 major global delivery centres for the companies.
\"Vish (Ramesh) will continue to be as the CEO and President. Sryas Inc becomes an one hundred per cent subsidiary,\" Patil said.
To a query, he said, \"our customer base are mostly in North America. We want to bring our services to the Indian market. Sreyas has about 340 employees in Chennai.\"
The acquisition brings in 'agility' and scale', said Patil responding to a query on the acquisition and the company would focus on bringing its services including telecom<\/a>, financial and professional services, pharmaceutical and higher education among others to various markets.
\"Telecom accounts 25 per cent of the revenue followed by financial and professional services, sports and environment, education..\", Patil said on the segment wise revenue contribution of Orion Innovation.
With the acquisition, he said Orion Innovation would be able to serve customers in India, Canada while Sryas would be able to serve in Latin American market, United States were Orion Innovation has a stronger presence.
According to International<\/a> Data Corporation, 95 per cent of Indian companies plan to maintain or increase their spending on digital transformation in 2023 and the total spend is projected to reach USD 85 billion by 2026.
With Orion Innovation's acquisition of Sryas, its presence in India, particularly in the data and analytics space and telecom sector is expected to further strengthen, the company said.
\"This merger is another step in building a geographically balanced footprint across the Americas, Europe, and APAC. We are excited to welcome Vish and the entire Sryas team to Orion,\" Patil said.
Orion Innovation is a portfolio company of One Equity Partners, a middle market private equity firm focused on building market-leading companies by identifying and executing transformative business combinations, the company said.<\/body>","next_sibling":[{"msid":98010603,"title":"32% mobile subscribers don't have coverage despite paying for 4G, 5G","entity_type":"ARTICLE","link":"\/news\/32-mobile-subscribers-dont-have-coverage-despite-paying-for-4g-5g\/98010603","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[{"msid":"98010521","title":"Amid IPO plans Netcore eyeing another $100 million acquisition","entity_type":"IMAGES","seopath":"tech\/information-tech\/orion-innovation-acquires-sryas-inc-for-an-undisclosed-sum\/amid-ipo-plans-netcore-eyeing-another-100-million-acquisition","category_name":"Orion Innovation acquires Sryas Inc for an 'undisclosed sum'","synopsis":false,"thumb":"https:\/\/etimg.etb2bimg.com\/thumb\/img-size-309858\/98010521.cms?width=150&height=112","link":"\/image\/tech\/information-tech\/orion-innovation-acquires-sryas-inc-for-an-undisclosed-sum\/amid-ipo-plans-netcore-eyeing-another-100-million-acquisition\/98010521"}],"msid":98013276,"entity_type":"ARTICLE","title":"Orion Innovation acquires Sryas Inc for an 'undisclosed sum'","synopsis":"Following the acquisition, Sryas Inc President and CEO Vish Ramesh would join the board of Orion Innovation. Sryas adds more than 550 associates to Orion, including engineers in India, Canada, Mexico and the Philippines.","titleseo":"telecomnews\/orion-innovation-acquires-sryas-inc-for-an-undisclosed-sum","status":"ACTIVE","authors":[],"Alttitle":{"minfo":""},"artag":"PTI","artdate":"2023-02-17 16:55:12","lastupd":"2023-02-17 17:00:05","breadcrumbTags":["orion innovation","sryas inc","sryas","orion","IT","internet","telecom","international"],"secinfo":{"seolocation":"telecomnews\/orion-innovation-acquires-sryas-inc-for-an-undisclosed-sum"}}" data-authors="[" "]" data-category-name="" data-category_id="" data-date="2023-02-17" data-index="article_1">
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猎户座创新获得Sryas公司的‘秘密’
收购后,Sryas公司总裁兼首席执行官Vish猎户座创新的拉梅什将加入董事会。猎户座Sryas增加了超过550的同事,包括工程师在印度,加拿大、墨西哥和菲律宾。
“周四的事务已经完成它(Sryas)已经完全收购,”帕蒂尔告诉记者。
收购后,Sryas公司总裁兼首席执行官Vish猎户座创新的拉梅什将加入董事会。猎户座Sryas增加了超过550的同事,包括工程师在印度,加拿大、墨西哥和菲律宾。此次收购将增加员工约7000员工,存在12个主要全球交付中心的公司。
“Vish(拉梅什)将继续作为首席执行官和总裁。Sryas公司子公司成为百分之一千一百,”帕蒂尔说。
一个查询,他说,“我们的客户群主要是在北美。我们想把我们的服务到印度市场。Sreyas拥有约340名员工在钦奈。”
收购带来的“敏捷性”和规模”,说帕蒂尔回应查询收购和公司将专注于将其服务包括电信金融和专业服务,制药和高等教育等各种市场。
“电信账户收入的25%,其次是金融和专业服务,体育和环境、教育…”帕蒂尔表示,在猎户座的段明智的收入贡献创新。
收购,他说猎户座创新能够为客户在印度,加拿大虽然Sryas能够在拉丁美洲市场,美国是猎户座创新有更强的实力。
根据国际公司的数据,95%的印度公司计划维持或增加他们的支出在2023年数字转换和总花费预计到2026年将达到850亿美元。
猎户座创新Sryas的收购,其在印度,特别是在数据和分析空间和电信部门预计将进一步加强,该公司表示。
“此次合并是另一个步骤构建一个地理上平衡的足迹遍及美洲,欧洲和亚太地区。我们兴奋地欢迎Vish和整个Sryas团队猎户座,”帕蒂尔说。
猎户座创新是One Equity Partners的投资组合公司,中间市场私人股本公司专注于建筑市场领先企业通过识别和执行变革的企业合并,该公司表示。
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