Indian outsourcing company Patni acquires telecom consulting firm Logan-Orviss International
July 3, 2007
LONDON -- Patni Computer Systems Inc. (NYSE: PTI), a leading global IT services provider announced the acquisition of Europe-based Logan-Orviss International (LOI), a leading independent specialist telecommunications consulting services company.
The consideration includes an upfront cash payment on completion of the transaction as well as performance-linked incentive payments on achieving financial targets over a three year period. LOI ended a profitable year with revenues of Euro 11.8 Million in 2006.
The acquisition strengthens Patni’s capability in communications and media practice providing operators thought leadership and operational transformation consulting for mission critical IT initiatives.
Logan-Orviss International will become Patni’s Telecommunications Consulting & Advisory practice, and will be led by Brendan Logan and Colin Orviss, the firm’s co-founders.
Commenting on the acquisition, Neeraj Gupta, Executive Vice President, Patni said, “The LOI acquisition underscores our commitment to global telecommunications and media customers. With this, Patni adds further depth to our pool of telecoms specialists enabling us to provide the best of world-class consulting and global delivery.”
Patni Computer Systems Ltd. (NYSE: PTI)
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