UST acquires automation unit of ISG for $27 million
UST said on Thursday that it has acquired the automation unit of Information Services Group (ISG), for a total consideration of $27 million. The firm said the acquisition will strengthen its position in the intelligent automation space and allow the company to deliver a broader set of services to its clients.
The acquired unit is a leading provider of intelligent automation solutions, utilizing artificial intelligence (AI), robotic process automation (RPA), and automation technologies to help clients across a range of industries, said the firm in its statement. It further added that the automation unit of ISG helps optimize clients’ business processes, enhance their customer experience, and reduce their operational costs.
The development comes days after the IT firm set a target of 6,000 employees in its Kochi centre, up from the current level of 2,800, in the next five years. While UST’s Thiruvananthapuram centre has about 7,500 employees and is the company’s largest centre globally, UST Bengaluru has about 6,500 employees. Across India, the IT firm has around 20,000 employees. Globally, the firm has more than 30,000 employees.
Initially founded in 2017, the automation unit offers RPA software implementation, support, and licensing services. The unit has over 120 senior automation consultants and technologists across US, UK, India, Canada, and Germany. As part of the agreement, UST will onboard highly experienced intelligent automation consultants globally.
Sajesh Gopinath, general manager, UST Automation,
