NEW YORK, Jan. 5, 2021 /PRNewswire/ -- Genpact (NYSE:
G), a global professional services firm focused on delivering
digital transformation, today announced that it has acquired
Enquero, a firm that offers data engineering and data-led digital
transformation services.
"Today's announcement increases the scale and depth of our data
and analytics teams and further enhances our capabilities to
accelerate the digital transformation journeys of our clients,"
said 'Tiger' Tyagarajan, chief executive officer of
Genpact. "I am excited that Arvinder
Pal Singh and the very talented Enquero team are joining
Genpact at a time when we are seeing strong demand from our clients
for exactly these types of solutions to help them navigate and win
in challenging markets."
This acquisition comes as businesses are contending with an
ever-increasing volume and complexity of data – external and
internal, structured and unstructured. In an environment where
organizations across industries and geographies are experiencing
unprecedented volatility — from supply and demand challenges, to
seismic shifts in customer expectations and business models – the
smart use of data at the core of an organization will be critical
to business growth.
With notable strengths in industries such as high tech and
consumer goods, Enquero extends Genpact's strong foundation of
existing capabilities in delivering end-to-end transformation to
enterprise clients. These capabilities make the acquisition of
Enquero especially timely as many businesses are looking to harness
data, cloud technologies, and analytics to drive growth and be more
resilient, agile, and connected.
"Enquero enables our clients' strategies to succeed through
orchestrating data, process, and technology in a connected digital
ecosystem. We started Enquero in 2014 in Silicon Valley to help
organizations better leverage data and cloud technologies," said
Enquero Chief Executive Officer Arvinder
Pal Singh. "Joining Genpact is the logical next step for
us. Genpact's domain, process and technology leadership, global
footprint, scale, and extensive client base will help both Genpact
and Enquero, as a combined force, scale our solutions to transform
even more organizations."
Singh will continue to lead the business, which will be
rebranded Enquero, a Genpact company, and all Enquero employees
will join Genpact.
Terms of the transaction were not disclosed. True Blue Partners
was the exclusive financial advisor to Enquero on this
transaction.
For more information, please visit www.genpact.com and
www.enquero.com.
About Enquero
Founded in April
2014 and headquartered in Milpitas, California, Enquero is a global
technology solutions company that builds platforms around data,
design, and digital experiences. It offers digital engineering,
data engineering and analytics, consulting and architecture, and
enterprise apps solutions to enterprise clients around the
world.
About Genpact
Genpact (NYSE: G) is a global
professional services firm that makes business transformation real.
We drive digital-led innovation and digitally-enabled intelligent
operations for our clients, guided by our experience running
thousands of processes primarily for Global Fortune 500
companies. We think with design, dream in digital, and solve
problems with data and analytics. Combining our expertise in
end-to-end operations and our AI-based platform, Genpact Cora, we
focus on the details – all 90,000+ of us. From New York to
New Delhi and more than 30
countries in between, we connect every dot, reimagine every
process, and reinvent companies' ways of working. We know that
reimagining each step from start to finish creates better business
outcomes. Whatever it is, we'll be there with you – accelerating
digital transformation to create bold, lasting results – because
transformation happens here. Get to know us at Genpact.com and
on LinkedIn, Twitter, YouTube, and Facebook.
Safe Harbor
This press release contains certain
statements concerning Genpact's future expectations, plans and
prospects that constitute forward-looking statements, as defined in
the safe harbor provisions of the U.S. Private Securities
Litigation Reform Act of 1995. In some cases, you can identify
these statements by forward-looking terms such as "expect,"
"anticipate," "intend," "plan," "believe," "could," "may," "shall,"
"will," "would" and variations of such words and similar
expressions, or the negative of such words or similar expressions.
These statements involve a number of risks, uncertainties and other
factors that could cause actual results to differ materially from
those in such forward-looking statements. These risks,
uncertainties and other factors include but are not limited to the
accuracy of our assumptions about trends in our market, our ability
to successfully consummate or integrate strategic acquisitions, our
ability to achieve expected benefits from strategic acquisitions,
our ability to manage growth, our ability to implement and derive
revenues from new service offerings, as well as other risks
detailed in our reports filed with the U.S. Securities and Exchange
Commission, including Genpact's Annual Report on Form 10-K. These
filings are available at www.sec.gov. Genpact may from time to time
make additional written and oral forward-looking statements,
including statements contained in our filings with the Securities
and Exchange Commission and our reports to shareholders. Although
Genpact believes that these forward-looking statements are based on
reasonable assumptions, you are cautioned not to put undue reliance
on these forward-looking statements, which reflect management's
current analysis of future events and should not be relied upon as
representing management's expectations or beliefs as of any date
subsequent to the time they are made. Genpact undertakes no
obligation to update any forward-looking statements that may be
made from time to time by or on behalf of Genpact.
MEDIA
CONTACTS:
Michael
Schneider
Genpact Global
Communications
+1
217-260-5041
Michael.schneider@genpact.com
|
Siya
Belliappa
Genpact Media
Relations – India
+91
9823133365
siya.belliappa@genpact.com
|
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SOURCE Genpact