| For Immediate Release |
Contact: Jeremy Milner
401-862-9422
jeremy@jeremymilner.com
Jill Burnie
617-375-4217
jill.burnie@morgankeegan.com |
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Zensar Acquires Akibia
Morgan Keegan is pleased to announce that Zensar Technologies Limited, a leading software services and solutions provider based in Pune, India, has acquired PSI Holding Inc. (Akibia), a leading US provider of data center management and support services. Under the terms of the agreement, Zensar has acquired all of the outstanding stock of Akibia through a merger process with Zensar's wholly owned US subsidiary. Zensar's acquisition of Akibia furthers its mission to strengthen its position in the critical and fast growing Infrastructure Management and Information Security space by combining Zensar's Remote Infrastructure Management (RIM) offshore services for global clients with Akibia's US and European Data Center practice. Morgan Keegan Technology Group acted as the exclusive financial advisor to Akibia.
About Akibia
Akibia provides innovative IT solutions that enable leading companies worldwide to optimize, secure, manage and support their mission-critical
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infrastructure. Akibia delivers solutions that improve the availability, reliability and performance of data centers, network and security infrastructures. Combining expert consulting, integration and support services with world-class customer service, Akibia helps IT organizations reduce costs, increase efficiencies and manage risk in the data center. Founded in 1988, Akibia is an independent IT services company with offices throughout the US and Europe
About Morgan Keegan
Morgan Keegan, a full-service brokerage and investment banking firm, has more than 4,400 employees in 300 offices across the country. The firm’s Investment Banking division provides comprehensive merger and acquisition advisory, public equity and private capital services to public and private middle-market companies as well as private equity groups. Industry sectors include:
- Transportation & Logistics
- Industrial
- Consumer
- Energy
- Security, Safety & Defense
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- Business Services
- Healthcare
- Technology
- Real Estate
- Financial Institutions
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© 2010 Morgan Keegan & Co.
Investment services are provided through Morgan Keegan & Company, Inc., member FINRA and SIPC. Securities and insurance products sold through Morgan Keegan are not FDIC insured, not a deposit, not an obligation of or guaranteed by any bank, or any government agency, and may lose value. |
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