- Percentix Inc is a leader in Oracle’s Hyperion Business Intelligence solutions
- Acquisition expected to strengthen BI offerings and add $6.25 million revenue for the year 2010-2011
Prithvi Information Solutions Ltd, a Global Information and Communication Technology (ICT) company, has acquired US based Percentix Inc, a business intelligence consulting company specializing in Enterprise Performance Management (EPM) . The acquisition will further strengthen the business intelligence offerings, a key growth area for Prithvi
Prithvi has been in the BI space for over 5 years. The strategy for Business Intelligence (BI) is based on its success in platform competencies and success stories such as Microstrategy and Cognos. In addition, Prithvi’s expertise in developing mathematical and statistical data analytical solutions is key to solving customer problems from a CXO level view. Prithvi expects the acquisition to add $6.25 million revenue for the year 2010-2011
Commenting on the acquisition, Mr Amitava Lahiri, SVP, Head of IT services said, “The acquisition is an important milestone for the Business Intelligence Practice at Prithvi. The synergies from the deal would be harnessed through the cross selling and up selling of services to our clientele. BI is one of the core areas of our future strategy to make Prithvi a $1 billion revenue company”.
Mr Thomas Antunez, CEO of Percentix Inc said “We see a significant increase in our ability to deliver EPM solutions to clients across various geographies. Similarly, our existing clients will benefit from an increased basket of IT services that we can provide. This a Win-Win deal for us”
About Percentix Inc
Percentix Inc, a privately held company known for its expertise in “big project execution, is a leader in Oracle’s Hyperion Business Intelligence solutions”. Percentix is a premium priced full life cycle service provider. Its clients include some of the biggest names in industries such as Finance, Healthcare, Telecom, Mining , Hi-tech etc. In a short span of four years, Percentix has built a reputation of being the best in the business among the CFO community in the US.
About Prithvi Information Solutions Limited
Prithvi Information Solutions (PISL) is a global Information and Communication Technology (ICT) company, which brings together its industry, functional and technical expertise to provide valuable solutions to its customers and ensure their success. PISL specializes in Telecom engineering and products, Enterprise Resource Management, Outsourced Product Development, Business Intelligence , Infrastructure Services, E-governance, Mobile platforms and Systems Integration among various other expertise. PISL’s R&D driven approach to solving the complex business problems of our customers, often results in innovative solutions that positively impact the customer’s bottom line.
PISL is ranked 12 among all the IT services Exporters by NASSCOM. Prithvi is constantly rated among the top 50 fastest growing companies in India and top 500 of Asia by Deloitte. PISL services customers in various geographies including USA, Brazil, Canada, Middle East and India. PISL is publicly listed in NSE BSE. For more information please Visit www.prithvisolutions.com
Safe Harbor
Certain statements in this press release are forward-looking in nature and concern our future growth. These statements are based on assumptions that are subject to certain risks and uncertainties and could cause our actual results to materially differ from the forward-looking statements. PISL undertakes no duty to update any forward-looking statements