In a recent deal, CEI of Pittsburg – USA, a leading provider of technology strategy solutions and services provider acquired Fourth Dimension Technologies, Chennai – India.
Fourth Dimension Technologies is a company specializing in IT solutions and MSPs. This strategic acquisition expands CEI’ s service portfolio, which already boasts of partnerships with industry giants like Microsoft, AWS, GitHub and Sitecore. CEI’s strengths are their innovative solutions through technical strategy and advisory services, cloud solutions, Artificial Intelligence, IT services and staffing.
This acquisition documentation was completed in last week of March 2024 and closing happened a week later. The financial terms have not been disclosed. This acquisition has boosted the already strong technological capabilities of CEI.
Panya Capital, a Chennai/ Bengaluru based boutique investment bank have been the exclusive investment bankers for the deal. Panya has significant experience enabling businesses & organizations raise capital, perform M &A, provide financial consultancy and deliver expert advice based on client requirement.
Fourth Dimension Technologies was established in 1990 and stands on more than three decades of expertise in providing high quality service solutions and support to a wide array of clients in diverse industries of Banking, manufacturing, healthcare. This also includes the 24*7 coverage, Cloud Management Platform Services (CMP), Managed Security Services Provider (MSSP), mobile device management and IT infrastructural support. existing partnership with Microsoft, Cisco, VM Ware, Fortinet and RSA in turn strengthen the acquisition for CEI.
D. Raja, CEO of CEI, said that it would be a significant step forward to provide clients with the most comprehensive and innovative solutions and services that Fourth Dimension possesses. Jagannathan Narayanan, CEO of 4D, added that joining forces with CEI would combine resources, technology, joint expertise and that would enable clients to experience the best possible solutions.
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