Nihilent acquires ERP firm Intellect Bizware

Pune-based solution integration company Nihilent Technologies acquired majority stake (51 per cent) in Mumbai-based SAP consulting and services company Intellect Bizware for an undisclosed amount.

The acquisition will help Nihilent to consolidate its capabilities in ERP consulting & implementation, business process optimisation & software product development. The acquisition will also add 200 people to its existing 1,300-odd strong workforce.

"Nihilent is poised to emerge as a stronger comprehensive player in the overall enterprise space. The Intellect acquisition will not only help us in enhancing our value proposition to our existing customers, but will also enable to build up our readiness in serving domestic customers. We look forward to leveraging Intellect's strengths in the areas of SAP consulting, implementation and support," said L C Singh, Vice Chairman and CEO, Nihilent.

Earlier in October 2014, Nihilent had acquired US-based BI and analytics solution provider GNET, which has expertise in business intelligence services, SharePoint and application development.

As part of business expansion, Nihilent is now focusing on other markets like Europe, UK, US and Australia markets for its IT solutions. However, Nihilent's 70 per cent business of the company comes from Africa region. Beyond South Africa, Nihilent has expanded its presence in the other African countries like Tanzania, Nigeria and Ghana through strategic partnership designed to mutually benefit the local companies to scale up and grow their business in the region. In Australia, Nihilent is looking for an acquisition particularly in the field of digital marketing. It may plan for an IPO in the next two years.

Intellect is one of the largest domestic SAP practicing companies in India, and in 2013 was among the top three finalists for the Technosavvy SME at the Emerging India Awards.