Tangentia, a prominent global digital transformation firm with a presence in Goa, has agreed to purchase Cycloides Technologies in Kerala and Cycloides Inc. in Canada.
Tangentia’s team strength nearly doubles with the addition of Cycloides, allowing for the development of new concepts and the addition of additional capabilities for off-shore product development and client delivery centers.
Vijay Thomas, CEO of Tangentia, said, “We are committed to investing and expanding to multiple states in India to truly have a pan-India presence to not only support our global customer base but to also support our ever-growing base of customers in India”.
Tangentia plans to create over 100 new job possibilities internationally, in addition to the newly merged team strength.
Cycloides is the first IT firm established in Kerala to hold contracts with BMW Canada, Tune Protect (an Air Asia subsidiary), Hospital Corporation of America (HCA), and a number of other companies. HCA established the world’s first Mobile Heartbeat development center with Cycloides, and the company has also earned important contracts with H&R Block, CTS, and Hitachi.
Tangentia has been able to give its clients a “Think Global, Act Local” delivery strategy because of its local presence in Canada, India, and the United States.
The merger comes with the promise of a better tomorrow for all the stakeholders. “Our merger with Tangentia is a fantastic match of an entrepreneurial mindset and complementary skill sets. With this acquisition, the employees, clients, and partners of Cycloides will be part of a bigger network of operations and can access world-leading Tangentia solutions around Robotic Process Automation, Artificial Intelligence, and B2B,” said Anil A R, former CEO of Cycloides and SVP, Strategic growth at Tangentia.
As a result of the company’s presence across India, prospective people who want to change and contribute to the ever-changing dynamics of technology now have work chances. Again, this isn’t limited to Kerala, Goa, or India, but to the entire world, further building and increasing relations between India and Canada through employment.