Systems integrator GyanSys has acquired SouthEnd Group, an SAP Ariba partner that supports customers in Argentina and Brazil. Financial terms of the deal were not disclosed.
This is technology M&A deal number 624 that ChannelE2E has covered so far in 2022.
GyanSys Buys SAP Partner: Key Focus Areas
This is GyanSys's second acquisition of 2022. The other deal involved Groundswell Cloud Solutions, a Salesforce and Mulesoft partner.
SouthEnd, founded in 2006, is an SAP Gold Partner that has more than 100 consultants across Latin America. The company is based in Buenos Aires, Argentina. SouthEnd also specializes in We have deep knowledge and large experience implementing such Atlassian products as JIRA, Agile and Confluence.
GyanSys, founded in 2005, is based in Carmel, Indiana. The company has 1,1184 employees listed on LinkedIn. Overall headcount spans more than 2,000 consultants who support 225 enterprise customers across the Americas, Europe and APAC. GyanSys specializes in digital transformation, systems integration and managed services for SAP, Salesforce and Microsoft Azure customers.
SAP Systems Integrator Acquired: Executive Perspectives
In a prepared statement about the deal, SouthEnd CEO Alfredo Poncio said:
"Our objective was always to be a reference in our industry with the highest possible levels of customer satisfaction. This announcement validates our market recognition and our team’s expertise, dedication, and leadership building SouthEnd into what we have become. We are very excited to become part of the GyanSys family. We are not only joining a winning team, but also multiplying our scale and reach to keep finding new ways to provide high-value services for our customers.”
Added Andres Reiman, SouthEnd chief commercial officer:
“This acquisition represents a big step forward in our growth strategy, allowing us to extend the breadth of our services for our existing customer base, as well as the opening new markets. We expect to have a very smooth transition into the GyanSys ecosystem, given our similar approach in our delivery models and entrepreneurial spirit.”
SouthEnd Chief Operating Officer Damian Rosales noted:
“This is, for sure, the most exciting of all transformations that we have had since we started our company. We evolved from being a local startup to becoming a regional firm and became recognized as a LATAM leader in SAP Ariba for four years in a row. Now, by being part of the GyanSys family, our reach increases to a global scale. We are grateful to GyanSys' leadership for the trust they lay on us. We are confident that, together, we will achieve enormous success.”
Concluded GyanSys CEO Rajkishore Una:
“The SouthEnd team brings remarkable talent and experience so that our team can exceed our customer’s requirements. Combining our team and capabilities and their presence in Brazil and Argentina will allow us to provide exceptional service, such as providing managed services within the same time zone to our North American customers. This new chapter helps GyanSys grow our practices and expand our geographic coverage in Latin America to better serve our customers worldwide.”
