Posted by Edison, USA – Chennai, India: Orion Innovation (Orion), a leading digital transformation and product development services firm has acquired Sryas Inc (Sryas), a global technology company. Orion hasn’t disclosed the financial details of this deal.
Sryas is a digital transformation services and solutions provider to companies in the telecommunications industry. Its capabilities in data management, analytics, and business support services complement Orion’s digital products and solutions for telecommunications operators.
Sryas’s acquisition brings new intellectual property Analance to Orion. Analance is an all-in-one, modular plug-and-play data analytics platform.
In India, enterprises are rapidly adopting emerging digital technologies like cloud computing, automation, artificial intelligence (AI), and the Internet of Things (IoT) to transform their business.
More than 95% of Indian companies plan to maintain or increase their spending on digital transformation in 2023. The total spend is projected to reach $85 billion by 2026, as per the latest IDC report.
With Sryas’s acquisition, Orion has strengthened its presence in India, particularly in the data and analytics space and telecom sector.
Sryas adds more than 550 associates to Orion, including engineers in India, Canada, Mexico, and the Philippines, resulting in a combined team of approximately 7,000 associates and 12 major global delivery centres.
As part of the transaction, Vish Ramesh, Sryas Inc’s President and CEO, will join Orion’s management team.
“Our combination with Sryas strengthens Orion’s nearshore capabilities in the Americas and adds to our APAC resources, including Chennai, India. Sryas’ telecom expertise, strong set of complementary solutions, and proven track record of growth with one of Canada’s top communications companies is a perfect fit for Orion’s leading telecom practice,” Raj Patil, CEO and President of Orion Innovation commented on Syras’s acquisition.
“Adding Sryas will enable us to deliver even greater value to our combined clients with a comprehensive set of transformative solutions. This merger is another step in building a geographically balanced footprint across the Americas, Europe, and APAC. We are excited to welcome Vish and the entire Sryas team to Orion,” added Patil
“We are thrilled to join Orion and become part of the company’s global digital transformation platform. Joining forces strengthens our collective nearshore capabilities and significantly expands our combined solution set to serve clients in strategic industries and geographies,” said Vish Ramesh
“It also gives our team new opportunities to work with a broad set of global enterprises, and become part of Orion’s unique global-local culture focused on growth opportunities for our talent,” added Ramesh.