Combined companies will provide specialized Data Analytics solutions in key vertical markets.
CAMPBELL, California, January 17, 2011 – Saama Technologies, Inc., a pure-play IP enabled Business Intelligence and Data Management solution provider, acquired InfoSTEP Inc. an emerging player in business intelligence services. The combination of these two well-respected companies creates a compelling value to joint customers, supports the shared vision and aggressive growth plans of the companies.
Both Saama and InfoSTEP have a large number of marquee clients including several Fortune 500 companies. This acquisition further aligns Saama Technologies to the market requirements for verticalized solution offerings with:
Stronger business partner for Customers, offering broadest, most competitive portfolio of Business Intelligence and Data Management Services in the industry
Deeper verticalized BI offerings in Healthcare, Public Safety, Hi-Tech and CIO Analytics
Broader expertise across all leading and emerging Business Intelligence and Data Management Products
Array of “Service Products” from Data Discovery to Advanced Analytics that are complementary to BI software products in the market place that increase the effectiveness of implementations
Thought-leadership in Collaborative, Mobile and Syndicated BI trends
“InfoSTEP is an emerging player in Healthcare, Banking and Financial Services & CIO Analytics space and provides us additional capabilities to fast track our customer’s Data & Analytics initiatives and stratetegies”, said Suresh Katta. CEO Saama Technologies, Inc. “InfoSTEP’s approach of ‘service products’ – a combination of process driven quality offerings aided by IP is in complete alignment with Saama’s strategy and this creates a synergistic environment for accelerated growth. The leadership team of InfoSTEP will integrate with the management team of Saama effective immediately.” said Katta.
According to Sagar Anisingaraju, CEO, InfoSTEP Inc., “the combination provides InfoSTEP, a broader platform to execute its vision of providing ValueInnovationSM to clients. In addition, it provides us a stronger foothold for our vertical offerings and intellectual property. Together we will be able to provide innovative and cost effective analytical solutions to our customers”.
About Saama Technologies
Saama Technologies, Inc. is a pure-play business intelligence solution provider that has revolutionized the way organizations make decisions through business intelligence. Since 1997, the company has combined its extreme BI technology expertise, unique intellectually property portfolio and strong relationships with the industry’s leading technology providers to deliver pure business intelligence to the world’s largest information-focused organizations. Saama’s customers are Fortune 500 organizations within a wide range of industries, including pharmaceutical, public safety, technology, and financial services. For more information, visit www.saama.com.
About InfoSTEP Inc.
InfoSTEP Inc., was established in 1998 in Silicon Valley and is an emerging Business Intelligence & IT services provider focused in: Healthcare, Banking & Finance, HighTech and IT Business Management.
Saama Technologies, Pure Business Intelligence is trademark of Saama Technologies, Inc. InfoSTEP is a trademark of InfoSTEP, Inc. The names of other actual companies, organizations and/or products/services mentioned herein may be the trademarks of their respective owners.