Growing Nearshore and Offshore Potential
New Era counts more than 12,000 customers worldwide and has offices in the Americas, the United Kingdom, APAC and Europe. The company has a number of key partnerships, including Cisco, Avaya, Extreme Networks, Palo Alto, Polycom, HP, Juniper, Fortinet, EMC, Microsoft and more.With Aptude’s development and support delivery centers in the U.S., Mexico, India and Malaysia, New Era gains nearshore and offshore professional services as well as agile application development expertise.Uday Mehta, principal architect and co-founder, Aptude, said:“We are delighted to be joining forces with the world-class team at New Era. This combination creates significant opportunities for our organization and will enable us to offer additional services to our customers on a global basis, leveraging New Era’s footprint and technological capabilities. It was not only the strategic fit that led us to this selection, but also the people-centric, relationship based and customer focused culture that make the two companies a great fit.”
M&A Advisor: Excendio
Excendio served as Aptude’s exclusive financial advisor on this successful transaction.Excendio is a middle market M&A advisory firm focused exclusively on IT Services and select Software areas.New Era co-founders Srinath Parepally and Guy DeRosa released a joint statement:“Excendio was a trusted advisor and became an extension of the shareholder team, delivering an outstanding outcome. Cristian Anastasiu’s deep industry knowledge, dedication, creativity and insightful guidance helped the shareholders reach their goals. Excendio was a great advisor for us. They helped us find and select the best partner.”
