This is Prodapt’s second acquisition for the year following its acquisition of Silicon Valley-based Innovative Logic in August. The company said this acquisition of SLR Dynamics will strengthen its leadership position in the connectedness vertical.
With the technology, media, and telecom (TMT) industry accelerating digital transformation journeys using technologies like 5G, cloud, SDN/NFV, Edge Computing, IoT, and AI-ML, Prodapt’s acquisition of SLR Dynamics will help deliver enhanced value to its global customers.
“The capabilities of SLR Dynamics in Cloud, Security, IoT and Product design will play an important role as Prodapt continues to become the preferred digital transformation partner to the enablers of hyper-connectivity.” said Vedant Jhaver, Chairman and CEO, Prodapt said in a statement on Wednesday.
Over the next three years, Prodapt plans to grow the UK team by adding 400-500 employees with a plan to invest GBP 50 million.
“Prodapt’s decision to pick the UK as its investment destination of choice is a vote of confidence in the UK economy and demonstrates the strength of UK and India’s bilateral relationship. We look forward to working together closely to bring high value jobs and economic growth to every corner of the UK as we build back stronger from the pandemic,” Minister for Investment Gerry Grimstone said.
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Founded in 2009 to accelerate the adoption of a unified communications (UC) offering, SLR Dynamics boasts an enviable client roster. The company counts a number of European and African telcos as their customers.
“SLR Dynamics has always focussed on building teams with deep domain knowledge and delivering high-quality services to our customers.” said Salim Raza, CEO, SLR Dynamics. “Joining Prodapt will enable us to offer much deeper capabilities, take on larger engagements and deliver significantly enhanced value to our global telecom customers.”
