Genpact acquires Endeavour Software Technologies

BENGALURU: NYSE-listed Genpact has signed a definitive agreement to acquire Endeavour Software Technologies, a mobile digital solutions provider focused on the middle and back office with operations in Austin, Texas and Bangalore, India. Terms of the transaction were not disclosed and is expected in the fourth quarter of 2015. The transaction is not material to current year financial performance.
The acquisition of Endeavour will add to Genpact's Digital capabilities in mobile consulting, architecture and design, implementation, and testing. Enterprises across industries are realizing that mobility can unlock significant value in middle and back office operations functions by redistributing work along the ecosystem, and driving productivity and customer satisfaction. Endeavour develops and deploys mobile solutions that encompass strategy assessment and industry-specific accelerators that can be used across key vertical industries including financial services, insurance, healthcare, manufacturing, and high tech.
Through its Lean DigitalSM approach, Genpact reimagines clients' businesses by extending digital technologies through the middle and back office to deliver measurable business impact such as revenue growth, cost efficiency, and business agility. This unique approach to rapid and impactful digital transformation of business processes and operations – which leverages mobility along with other key digital technologies – is built upon Genpact's Lean-inspired and patented Smart Enterprise Processes (SEPSM) framework.
"This acquisition is one more important step in our ongoing strategy to strengthen our rapidly-growing Lean Digital portfolio," said Sanjay Srivastava, senior vice president and chief digital officer, Genpact."Endeavour's mobile capabilities will help our clients achieve the optimal enterprise-wide impact of digital technology by combining our deep industry specific process knowledge with innovative and advanced technologies including mobility and analytics."
"We've been driving mobility success for our clients since the early days of this technology, and we are excited to integrate our more than 13 years of expertise into Genpact," said Avinash Misra, chief executive officer, Endeavour. "Genpact's global footprint and extensive client base, along with its existing strengths in digital technology, process excellence, industry domain, and analytics services, will allow us to rapidly scale up our mobility services to help transform more companies' operations."