ICICI Securities advises Zensar on its acquisition of Professional Access
Mumbai, India, August 14, 2014: ICICI Securities have advised Zensar Technologies Limited of the Harsh Goenka led RPG Group to acquire Professional Access, one of the leading Oracle ATG e-Commerce consulting and solutions provider in North America.
Zensar Technologies today announced that the two companies have entered into a definitive agreement for Zensar to acquire Professional Access. Zensar has acquired 100% stake in the US entity and also acquired all assets from its Indian entity therefore taking control of the entire business of Professional Access.
Through this acquisition Zensar has considerably strengthened its existing Oracle consulting capabilities. Professional Access’ presence in key markets and credible clientele will help Zensar in winning larger transformational deals and further its mission to consolidate its dominant position in the critical and fast growing e-Commerce space for global clients. In addition, this acquisition would enhance Zensar’s Retail client footprint globally.
Professional Access, an Oracle Platinum partner, is the largest Oracle ATG and Endeca partner with presence across US, UK, Latin America, Middle East and Africa. It works with several large and mid sized retailers in these geographies to build and implement their ecommerce initiatives. The addition of Professional Access’s 800 plus Oracle ecommerce associates will take Zensar’s overall Oracle practice strength to over 2000, focused on delivering Oracle enterprise and digital commerce solutions to Retailers and Manufacturers globally.
Commenting on this transaction, Ajay Saraf, Executive Director, ICICI Securities said “Professional Access’s market leadership in Oracle eCommerce space and its strong management team will provide synergistic benefits to Zensar’s plan to increase its market share in the MRD, Digital Commerce and Oracle ATG businesses. We are happy to share that our team of experienced professionals has worked along with Zensar and RPG teams to help structure, negotiate and close this transaction within very tight timelines.”
