Cambridge Technology to acquire Reilly Associates

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Cambridge Technology to acquire Reilly Associates

Cambridge Technology Enterprise Limited to acquire Reilly Associates Inc.

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Cambridge Technology Enterprises , a leading provider of SOA based solutions and Enterprise Transformation applications to mid size enterprises and mid size divisions of Global 2000 enterprises, announced that it has entered into a definitive agreement with of Reilly & Associates, Inc., a privately held company based in Michigan U.S.A, to consummate the acquisition for an undisclosed amount. This agreement is subject to the approval by the shareholders of the company in the ensuing AGM in September 2007. Universal-Legal, Chennai were the CTE's legal advisors to this deal.  

Reilly Associates, Inc. is an established Subject Matter Expert (SME) for Oracle Process Manufacturing implementations for Big 4, Medium and smaller consulting firms with vast experience in working with mid-sized companies and has a client base of over 60. Reilly Associates is also a certified Oracle solution partner specializing in the implementation of Oracles e-business suite in Process Manufacturing Companies.

This acquisition would potentially bring in additional revenue in the ERP segment to CTE for the current financial year FY 2008, augment CTE's SOA migration services portfolio & bring the combined entity closer to CTE's vision of being a 'go-to IT partner for mid-sized enterprises'. While Reilly & Associates would enrich CTE with the expertise in Oracle Financials, Customer Relationship Management (CRM), Enterprise Asset Management (EAM), Oracle Process Manufacturing (OPM) and Oracle Accelerators, which benefits CTE's customers, it also opens up avenues of providing value added SOA migration & global delivery services to the Reilly's existing customer base.

Bhaskar Panigrahi, CEO Cambridge Technology Enterprises said "This acquisition is highly synergistic as it augments our offering capability to our target customer base, and our SOA competence would help Reilly & Associates'  customers in becoming more responsive to the new business demands and changes. I am confident that this association would be mutually rewarding for both the companies & their customers and would help us further accelerate our organic growth."

Daniel Reilly, President Reilly Associates said "This association gives us the twin advantage of offering more value to our customers - SOA migration services and the existing Oracle ERP services by leveraging CTE's CMMi Level 5 global delivery centers, together the platform is set  for a rapid expansion of the ERP practice for the combined entity. I look forward to this relationship which would benefit both the organizations" 

Sourced from: Cambridge Technology Enterprises