ProKarma said that it has signed a definitive merger agreement with SAP service provider abc Consulting, in a move to expand its valuable services delivery capability in Latin America and strengthen its presence in the SAP market.
The company said that the acquisition will enable it to provide customers with cost-effective access to a range of IT services. Under the agreement, ProKarma will hold a majority stake in Buenos Aires-based abc Consulting.
Vivek Kumar, president and CEO of ProKarma, said: For ProKarma, the merger offers a two-fold benefit. First, incorporating abc Consulting’s SAP expertise into our portfolio enhances our SAP capabilities and gives us the ability to have a single point of support for ProKarma’s current and future SAP customers.
“In addition, we can now serve our clients around the clock from six service delivery centers in the US, Argentina and India.
The agreement also enables abc Consulting to offer a diversified solutions portfolio, including a range of ProKarma IT services, which encompasses custom enterprise software offerings, mobile offerings, eMarketing, cloud computing, software factories, testing and validation among other capabilities.
Upon completion of the agreement, abc Consulting will continue to operate under its own brand and will be recognised as a ProKarma Company.
Andres Blachman, president of abc Consulting, said: Coupling our expertise in the SAP space with ProKarma’s expansive IT services portfolio will help us strengthen our offering to our combined customer base.
“Argentina is fast emerging as an IT services hub and joining forces with ProKarma will help us collaborate at a global level to provide services to customers in Latin America and the US.
