Acquisition of Complex IT showing desired results
Atlanta, USA – August 01, 2013 – Tech Mahindra Ltd. a specialist provider of connected solutions to the connected world and enabling future digital enterprises, today announced that its Brazilian subsidiary, Complex IT has signed two deals to deliver Enterprise Solutions for Oil & Gas and Banking vertical.
The first project is with Schahin Petróleo to deliver a new enterprise business solution for the operations of the Oil and Gas division of the Schahin Group. The project includes implementation of SAP ERP and addresses business pain points around complex supply chain logistics and strengthening of the integration process.
On another instance COMPLEX IT has also signed a transformational contract with a leading bank in Brazil to deliver enterprise business solutions for SAP demands on AMS, Projects and on-going demands. This will help them overcome High Complexity environment and helping internal SLA.
“Our growth strategy in Latin America leveraging a combination of inorganic and organic plays is showing early results”, said Arvind Malhotra, Sr. Vice President, Strategic Accounts, Tech Mahindra. “I’m proud to announce the above deals which speak volumes about our strategy to help build future ready digital enterprises.”
“We selected COMPLEX IT, as our partner for SAP ERP Implementation because we recognized its excellence and competence and the result of years of global SAP experience,” said Marcio Ishihara, Chief Information Officer, Schahin Petróleo. “COMPLEX IT, by Tech Mahindra, will support Schahin at all levels and will help streamline the various units and enable an orderly growth of our business.”
It is worth mentioning that Tech Mahindra had acquired participation in Complex IT earlier this year to achieve a leadership position in the Enterprise Business Solutions space. The new deals wins also underscore the growing clout of Tech Mahindra in Latin America. The geography is poised to be the next frontier and Tech Mahindra is well positioned to take advantage of the growth expected from that region. Latin America is also a key market for the company in terms of Retails, Aerospace and Defense domains.