Press Release (ePRNews.com) - CREATIVE CITY FZ, UAE - Oct 10, 2016 - SIGSALY Solutions FZE today announced that it has signed a definitive agreement to acquire Avere Consulting’s Data Analytics division. The acquisition is a part of their strategy of acquiring companies that built next generation technologies in data analytics. With customers in Telecommunication, Government Services, Retail and Healthcare, this acquisition signifies SIGSALY Solution’s entry into big data analytics. The financial terms of the acquisition is undisclosed. The transactional closure of the acquisition is expected to be by March 2017.
Founded in 2013 by Narain Rajagopalan, Syed Nazir Razik and Seshadri Ragavan, Avere Consulting is based out of Chennai, India. The firm’s focus is in building robotics, UAVs, IOT Solutions, Big Data Analytics and solutions for enterprise use cases.
“SIGSALY Solutions FZE and Avere Consulting share a strong enterprises & government services focus and combining the strengths of both would help deliver deeper and more comprehensive solutions for customers across GCC.” said Gary O’ Neal, Managing Partner SIGSALY Solutions.
“By teaming up with SIGSALY Solutions, Avere Consulting’s expertise in unstructured data analytics is able to leverage SIGSALY Solutions’s GCC network and vast resources” said Syed Nazir Razik, Co-Founder Avere Consulting.
As part of their acquisition strategy, SIGSALY Solutions FZE wants to go global, expanding its presence across three continents (US, Middle East and South East Asia) for their expansive Enterprise & Government services portfolio.
Avere Consulting’s data analytics division will be fully integrated with SIGSALY Solutions FZE and will function from UAE. The founders of Avere Consulting will be moving in at managerial positions inside SIGSALY Solutions FZE. The key management team, advisers, partners and other offices will be notified later.
About SIGSALY Solutions FZE
SIGSALY Solutions FZE, UAE is promoted by Gary O’Neal & Mark Smith from 2013. SIGSALY Solutions was started as a VSAT Communication service provider and Peacekeeping Products Supplier for GCC & Africa. It further ventured into encrypted communication solutions for enterprises & federal government works. SIGSALY Solutions is expanding now into South East Asia with end-to-end solutions from encrypted communication to data analytics across the full value chain of enterprise & government.
Managing Partner – SIGSALY Solutions FZE
+971 54 425 4438