U.S-based IT service management company, Intalio has reportedly acquired Nyxeia, a firm that specializes in the implementation, sales and delivery of cost-effective and high-quality software solutions.
According to credible sources, the acquisition is expected to have a significant impact on both the firm’s growth in the booming and competitive digital market. Under this move, Intalio will focus on expanding and supporting the packaging of its full-featured vertical offerings designed for specific industries, which may indirectly stimulate its revenue and growth. The company has reportedly reached USD 48 Million valuation in 2020.
Sources estimate that the acquisition will help Intalio expand its footprint and allow it to address the needs of various industries that operate in regions like Asia, North America and Europe in the coming years.
Furthermore, the move will combine Intalio's expertise with Nyxeia's widespread coverage across Europe and North America. It will broaden Intalio’s geographical reach and expand its offerings to customers so as to offer a boost their businesses.
Interestingly, Intalio plans to finalize these strategic acquisitions of solution suppliers to support more aggressive expansion into specific business areas over the next two years. It plans to utilize Nyxeia’s customer base to expand into new territories to further develop its business-specific products.
The company will then support Nyxeia’s clients through state-of-the-art and diverse offerings in Analytics and Intelligent Automation. Currently, Nyxeia has numerous clients all over Europe, US, and Asia.
Commenting on the acquisition, Intalio’s CEO, Antoine Hraoui said that their company continues to grow and adopt new ways to expand its global footprint and innovations. Intalio is focused on being an influential driver in the digitization movement commenced across the globe and is going above and beyond to make sure that its technology is up-to-date.