Thursday, August 14, 2014

#ICICI Securities advises Zensar on its acquisition of Professional Access

Pune-headquartered Zensar Technologies (an RPG Group company) today said it has acquired Professional Access, which provides retail e-commerce solutions, for an undisclosed amount.ICICI Securities have advised Zensar Technologies Limited of the Harsh Goenka led RPG Group to acquire Professional Access, one of the leading Oracle ATG e-Commerce consulting and solutions provider in North America.
New York-headquartered Professional Access works with many large and mid-sized retailers in the US, UK, Latin America, Middle East and Africa to build and implement their e-commerce strategies.
Through this acquisition Zensar has considerably strengthened its existing Oracle consulting capabilities. Professional Access' presence in key markets and credible clientele will help Zensar in winning larger transformational deals and further its mission to consolidate its dominant position in the critical and fast growing e-Commerce space for global clients. In addition, this acquisition would enhance Zensar's Retail client footprint globally.

Zensar Vice Chairman and Managing Director Ganesh Natarajan said the firm's track record with large Oracle deployments for Retail and Manufacturing clients will be significantly enhanced by the retail commerce credentials of PA.
Commenting on this transaction, Mr. Ajay Saraf, Executive Director, ICICI Securities said "Professional Access's market leadership in Oracle eCommerce space and its strong management team will provide synergistic benefits to Zensar's plan to increase its market share in the MRD, Digital Commerce and Oracle ATG businesses. We are happy to share that our team of experienced professionals has worked along with Zensar and RPG teams to help structure, negotiate and close this transaction within very tight timelines."
Professional Access, an Oracle Platinum partner, is the largest Oracle ATG and Endeca partner with presence across US, UK, Latin America, Middle East and Africa. It works with several large and mid sized retailers in these geographies to build and implement their ecommerce initiatives. The addition of Professional Access's 800 plus Oracle ecommerce associates will take Zensar's overall Oracle practice strength to over 2000, focused on delivering Oracle enterprise and digital commerce solutions to Retailers and Manufacturers globally.