Material Acquires Srijan Technologies to Strengthen Technology and Global Delivery Capabilities – Yahoo Finance
Acquisition Catalyzes Science and Systems Approach
Material Acquires Srijan Technologies
LOS ANGELES, Sept. 15, 2022 (GLOBE NEWSWIRE) — Leading customer experience transformation company, Material, today announced that it has acquired Srijan Technologies, a renowned global digital engineering firm with offices across India, APAC, Europe, and the US.
Material’s unique approach to shaping customer experience powerfully combines strategy, insights, design and technology, using the company’s “Science and Systems” approach. The addition of Srijan enables Material to further strengthen this approach by offering deeper abilities in digital experience and data platforms, cloud engineering, and modern data engineering, broadening Material’s technology expertise and its capability to build a wide range of transformative digital experiences.
Over the past two decades, Srijan has built a reputation for solving complex technology problems for some of the world’s leading brands, made possible by their deep technology expertise and strategic partnerships with top tier technology partners. Srijan is one of the world’s leading Drupal service providers, with over 600 digital and data engineers in India. Srijan’s founder and CEO Rahul Dewan serves on the board of the Drupal Association. Srijan was named winner of the Acquia Top Growth Partner Award for 2021, has partnerships with Amazon Web Services (AWS) and Google Apigee, a services relationship with VMWare, and holds partnerships with several other leading technology platforms powering digital experience solutions.
The company brings advanced engineering capabilities and best-in-class agile software development practices to Global 2000 clients across Media, Financial Services, CPG, Telecom, and Technology. For 6 years in a row Srijan has been recognized as a Great Places To Work™ and has also been recognized among the Top 50 Tech Companies in India by Deloitte.
“With this acquisition, we deepen our capability footprint in digital platforms, cloud, API, and data engineering to meet our clients’ evolving needs with an integrated and distributed delivery model. What really attracted us to Srijan is a shared passion for client success and their expertise in solving truly complex technology problems. I could not be more excited as we add world class digital engineering expertise to our clients’ increasing technology needs. This also gives us a stronger global presence which many of our clients have been asking us for,” said Material’s CEO Bill Kanarick. “This acquisition deepens and extends our Science and Systems proposition and enables us to help clients transform their customer relationships given the digitally driven customer-centric imperative they face,” he added.
Rahul Dewan, Founder and CEO of Srijan, said, “Over the past twenty years, we have built something truly special. As part of the continued growth for our people, and to give greater expression to our culture, values and engineering processes that we proudly call “the Srijan way”, it was important to us to partner with a firm that brings deep and complementary expertise and relationships with blue-chip clients, while having a strong, values-based culture. In Material, we have found all of that. Over the past few months, as we have collaborated on multiple client engagements, it has been exciting and gratifying to see the ease with which our teams have worked together to pursue truly complex experience transformation challenges.”
Mike Sullivan, President and CEO of Acquia, said, “We’re excited to see Srijan, Acquia’s Top Growth Partner for 2021, join forces with Material. Srijan has consistently been a top contributor to Drupal development and applied that expertise to creating transformative digital journeys. Acquia looks forward to expanding our work with the combined organization to bring together content and data to create total experiences for clients.”
With this acquisition, Material will have a global headcount of 2000+ people. Added Kanarick, “This acquisition marks an important milestone in our journey as we build a highly differentiated customer experience transformation partner for our clients.”
Material is a portfolio company of Tailwind Capital.
About Material
Material is a global strategy, insights, design, and technology partner to companies striving for true customer centricity and ongoing relevance in a digital first, customer-led world. By leveraging proprietary, science-based tools that enable human understanding, we inform and create customer-centric business models and experiences + deploy measurement systems – to build transformational relationships between businesses and the people they serve. Learn more at materialplus.io.
About Srijan, a Material Company
Srijan is a global engineering firm that builds transformative digital paths to better futures for Fortune 500 enterprises to nonprofits all over the world. Srijan brings advanced engineering capabilities and agile practices to some of the biggest names across FMCG, Aviation, Telecom, Technology, and others. We help businesses embrace the digital future with cloud, data, API and platform centric technologies and adapt to changing business models and market demands. Srijan leads in Drupal with 350+ Drupal engineers, 80+ Acquia certifications. Srijan is also a Drupal Enterprise Partner & Diamond Certified Contributor. Learn more at srijan.net.
About Tailwind Capital
Tailwind Capital is a middle market private equity firm focused on services companies in three core subsectors – IT Services, Infrastructure Services, and Supply Chain. Tailwind partners with management teams to Accelerate Change, our operationally intensive approach to value creation through investments in Talent, Technology and Transformative M&A. Since inception, Tailwind has invested approximately $4 billion in over 220 acquisitions, including over 50 platform companies and over 170 add-on acquisitions.
Media Contact:
Melanie Capruso
DiGennaro Communications
Melanie.capruso@Digennaro-usa.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/33d44c73-d3f1-4e2b-afb0-0151bb11e472
AT&T (NYSE: T) and Verizon (NYSE: VZ) are two titans of the telecommunications industry, and each company's respective stocks have long been go-to vehicles for income-focused investors. Which of these dividend-paying telecom stocks is the better buy at today's prices? George Budwell: Telecom giant AT&T is a company in transition.
Nvidia Corp. faces a very different environment versus two years ago when it last launched a new chip architecture, one where demand is falling and its stock price has been more than halved over the year.
When your hard-earned money is on the line, it's easy to overcomplicate an investment decision. The energy industry has been home to high-yield dividend stocks for years and the current imbalance of global oil and gas supply paired with rising demand and years of underinvestment adds a layer of reliability not seen in the energy industry for some time. Baker Hughes (NASDAQ: BKR), Devon Energy (NYSE: DVN), and Kinder Morgan (NYSE: KMI) stand out as three particularly attractive oil and gas companies to consider now.
(Bloomberg) — From a start guarding trains full of metal from thieves on freezing winter nights, He Jinbi built a copper trading house so powerful that it handles one of every four tons imported into China.Most Read from BloombergBezos Loses Spot as World’s Second-Richest Person to AdaniTurkey Seeks to Be First NATO Member to Join China-Led SCOUkraine Latest: Biden Warns Putin; Nuclear Plant Gets Grid PowerTycoon Running a Quarter of China’s Copper Trade Is on the RopesWhat to Watch as Commodit
It's been a rough year in the stock market, especially for fintech investors. High inflation and rising interest rates put investors on edge, ramping up market volatility. One company feeling the pain is SoFi Technologies (NASDAQ: SOFI), the fintech that was a hot stock when it first went public in 2020.
A slip by the S&P 500 below key chart support at 3,900 opens the door to a test of June stock-market lows, a top Wall Street technician warns.
Not long ago, General Electric (NYSE: GE) seemed to be regaining investors' favor. The company posted a big earnings beat in late July, although it did reduce its full-year forecast for free cash flow. As a result, GE stock rallied 29% between mid-July and mid-August.
The billionaire praised “zoomers” for taking into account how career decisions will affect their mental health.
With stock prices sliding, dividend yields are rising, enabling investors to generate more income from new investments.
Using technical analysis of the charts of those stocks, and, when appropriate, recent actions and grades from TheStreet's Quant Ratings, we zero in on three names. While we will not be weighing in with fundamental analysis, we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Dollar Tree Inc. recently was downgraded to Hold with a C+ rating by TheStreet's Quant Ratings.
After an epic rally from 2019 to 2021, shares of mobility chip giant Qualcomm (NASDAQ: QCOM) haven't done so well lately. Following yet another sell-off in the market (thanks, inflation), Qualcomm stock is again near its 52-week lows and off over 30% from its all-time high last year. This is now the third time in a year Qualcomm has fallen to this level — and this time, it's trading for a meager 11 times trailing-12-month earnings per share.
Stocks have been under a lot of pressure this year, weighed down by rising interest rates to combat inflation. If there's a silver lining to the sell-off, dividend yields move inversely to stock prices. Because of that, many dividend yields are much higher right now.
Everyone knows by now, traditional ICE vehicles are on their way out, fast driven to obsolescence by electric vehicles (EVs). In fact, according to Needham’s clean tech analyst Vikram Bagri, EV adoption is “progressing faster than expected.” Realistically, this is not much of a shock considering the macro background. “The fundamental landscape for EVs is more constructive than ever with elevated gas prices, government support, and improving availability,” Bagri noted. “Though we expect to see so
It hasn't been the best quarter for Novavax, Inc. ( NASDAQ:NVAX ) shareholders, since the share price has fallen 24% in…
A mega backdoor Roth is designed for 401(k) savers who want to enjoy Roth account tax benefits. Learn how a mega backdoor Roth rollover works.
The Purosangue is the Italian sports-car maker’s first family car. But since it’s Ferrari, it’s a lot of car and a lot of luxury.
Corporate landlords still like the space. Take advantage.
Buying high-quality dividend stocks can be your ticket to earning a lifetime of passive income. Many companies have a long history of sustaining and growing their payouts and if they can keep that going, they can enable you to steadily cover more of your expenses with dividend income. Three top-tier dividend stocks for durable passive income are Enterprise Products Partners (NYSE: EPD), Brookfield Infrastructure (NYSE: BIPC)(NYSE: BIP), and NextEra Energy Partners (NYSE: NEP).
Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL), The Trade Desk (NASDAQ: TTD), Skyworks Solutions (NASDAQ: SWKS), Amazon (NASDAQ: AMZN), and Disney (NYSE: DIS) are down more than 20% year to date (YTD) and worthy of hefty consideration. When a company's primary revenue driver is so popular that it becomes a verb, that's a pretty impressive sign.
The $20 billion price tag is spooking investors and raising questions among analysts, but Adobe CEO Shantanu Narayen said an earlier successful revamp at the company was also met with early skepticism.