NEW DELHI: NIIT, an IT solutions provider has announced the acquisition of
Osprey Systems, a privately-held full life cycle SAP solutions provider and SAP
Services and Channel Partner headquartered in Charlotte, North Carolina, USA.
With this acquisition, NIIT will jumpstart its entry into the very attractive
and demanding SAP solutions-based segment in the United States. The acquisition,
structured as an asset purchase through NIIT (USA), Inc., was a cash
transaction. The acquisition is expected to generate $35 million in revenues
over the next three years.
Osprey has been an SAP Services and Channel Partner since 1995 and has
implemented many full life cycle SAP solutions in addition to being a qualified
vertical solutions provider of SAP. Osprey specializes in SAP implementation,
enterprise application integration, technology architecture and management; and
customer support solutions. The acquisition brings NIIT a very high calibre
management team and an experienced technical team of 50 professionals. Osprey
will become the SAP solution-focused business division of NIIT in the United
States with Tom H Wilson, Jr., an IT executive, as its president.
"This acquisition was driven by NIIT's recognition of the size and the
growth prospects of the consulting, implementation, integration, maintenance,
training and full life cycle solutions around SAP in the United States,"
said Vijay Thadani, CEO of NIIT.
"The potential for leveraging our global reach and capacity to provide
customers with better, faster and more competitive solutions is very attractive.
Our positive experience in providing SAP based solutions in Asia and Japan has
strengthened our interest in this segment," Thadani added.