Thiruvananthapuram, March 2, 2023: US based VRIZE, Inc. has announced today the acquisition of Perfomatix, a provider of product engineering services with an emphasis on high-caliber AGILE software product development. This partnership will enhance the depth and breadth of VRIZE's product & platform engineering services and its ability to provide cutting edge data engineering & data science solutions for its customers.
For nearly ten years, Perfomatix has been providing cutting-edge, technology-driven solutions in full-stack engineering, mobile app development, machine learning, IoT, UX/UI design, Cloud, DevOps, and RPA to organizations across various industries.
The group plans to add 500 - 1000 more engineers across delivery centers in Kerala in the next 2 years.
Harish Mohan – Perfomatix Chief Executive Officer comments: “ The acquisition aligns well with the long term objectives of Perfomatix to become a world class product engineering company achieving hyper growth and providing value to all stakeholders. We are excited at the possibility of offering a wider array of services to our clients in the digital & data realm and our team members have the opportunity to work on truly large digital transformation initiatives ”
Maloy Roy – VRIZE Chief Executive Officer comments: “We found Perfomatix to be a natural fit for VRIZE, given the similarities in our culture, work methods, and above all our values of keeping our employees and our customers ahead of everything else. Not just in talks, but in our everyday actions and decisions…”
This acquisition strengthens VRIZE’s ability to develop digital products & platforms at a wider scale and with a greater coverage of scope. We are always committed to customer's ongoing journey towards a friction-less ever-expanding digital world. Through the convergence of AGILE software product development, starting from software blueprinting and wireframing to deployments, Perfomatix brings to VRIZE considerable cross-technology capabilities.
FinLead Services, a Kochi based firm acts as the investment banker for the transaction. The legal advisors for Perfomatix was M/s Omega Alliance, Advocates and Solicitors, while the limited financial and tax due diligence was undertaken by M/s Nash Capital Partners.
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