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Business News | CIGNEX, excellent merger with Relevance Lab to form a global power in digital transformation and cloud services

Bangalore (Karnataka)/ Delhi/ Ahmedabad (Gujarat) [India], Jan 25 (ANI/GPRC): CIGNEX and Excellerent today announced their merger with Relevance Lab, to become a global powerhouse in offering digital transformation and cloud services. With this merger, Singapore-based Relevance Lab will have a delivery presence in North America, India and Ethiopia and a global workforce of more than 1,500 employees. While Relevance Lab excels in DevOps/Infrastructure Automation, Applications and Data, CIGNEX is a leader in cloud and open source technologies used to design/implement digital transformations and robotic process automation applications; and Excellerent, in addition to its agile engineering prowess, provides a unique differentiator with its development center in Ethiopia. The merger provides the platform to have economies of scale to have an integrated approach to address all dimensions of digital transformation from its global development centers. The shareholders of CIGNEX and Excellerent transferred their shares to Relevance Lab on the basis of a share exchange. The current management of the respective companies will continue to scale the firm in their new roles under the leadership of the new CEO.

With this merger, Vasu Sarangapani joined Relevance Lab as the new President and CEO. Vasu comes with more than 30 years of experience in Technology Services. Prior to assuming this role, Vasu was at GlobalLogic Inc, where he was director of growth and, prior to that, director of sales for the company. In his 9-year tenure, he helped significantly expand the company’s global business and played a key role in providing multiple outlets for PEs. He began his career at Wipro Technologies, where he played a key role in expanding his presence into the high-tech and manufacturing domains. As part of his $500+ million product engineering services organization, he managed a globally distributed sales team and acquired and managed several strategic relationships.

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Explaining the rationale for the merger, Vasu Sarangapani, Relevance Lab’s incoming President and CEO, said: “Digital transformation for businesses is an existential necessity today and CXOs around the world are under pressure to achieve this rapidly leveraging technology and partnerships to gain even the smallest competitive advantage I strongly believe that the newly merged entity, with its deep technology expertise and asset-based approach, is very well positioned to capture a large share of this services market digital and I am very excited to be a part of this captivating story.”

“Given the 3 companies had a common investor and the management team’s high levels of comfort working together over the years, it was only natural that we would merge as one company to unify our complementary technology offerings and service our customers. Under Vasu’s leadership, we look forward to rapidly increasing value creation for all stakeholders,” said Raja Nagarajan, Founder and Chief Executive Officer of Relevance Lab, speaking on behalf of the three entities.

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Founded in 2000, CIGNEX is a global consulting company that provides solutions, services, and platforms in open source, cloud, and automation technologies. CIGNEX helps organizations increase revenue, achieve business goals, gain a competitive advantage, and maximize customer satisfaction while lowering the cost of doing business.

Excellerent is a global consulting company that provides end-to-end services and solutions in open source, cloud, API, and automation technologies. By leveraging flexible project engagement models and agile methodologies, Excellerent focuses on improving operational efficiencies and optimizing costs to deliver business value.

Relevance Lab is a specialized technology services company with technology assets in the DevOps, Cloud, Automation, Service Delivery and Agile Analytics domains. Using a leveraged asset delivery model, Relevance Lab helps global organizations achieve frictionless business transformation across infrastructure, applications, and data.

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This story is provided by GPRC. ANI will not be responsible in any way for the content of this article. (ANI/GPRC)

(This is an auto-generated, raw story from the syndicated news feed, the body of the content may not have been modified or edited by LatestLY staff)

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