Quantela Inc. takes control of the management of the Indian activities of TerraCIS Technologies Ltd.

0

BURLINGTON, Mass. and GURGAON, India, December 1, 2021 / PRNewswire / – Quantela Inc., a leader in earnings business model, announces today that it has entered into an agreement for the management control of the Indian operations of TerraCIS Technologies Ltd. (TTL), a pioneer in land governance and smart city solutions. This agreement will further expand the economic, social and environmental outcomes that Quantela can deliver through digitization and data-driven insights.

Supported by investment partners, Gateway Partners and Avenue Capital Group, Quantela will assume immediate operational control of TerraCIS activities in India, and full ownership through a timely restructuring process.

The transaction further enables Quantela to improve outcomes for governments and cities by reducing the time and costs spent on traditionally manual land registration and records management processes by removing barriers to data access through to digitization.

“This agreement for TTL in India creates an exciting addition to our existing range of offerings, as we can combine our smart city expertise to bid on much larger projects with greater impact on the community in India and beyond. At the same time, we can leverage Quantela’s global presence to expand our digital land registration and records management offering worldwide, ”said Sridhar Gadhi, founder and executive chairman of Quantela.

“This is our second transaction in three months, and we are privileged to have the support and trust of our investment partners, Gateway and Avenue as we continue to grow our organization. Our immediate goal is to integrate the TerraCIS teams and integrate our tools and processes, while maintaining our commitments to existing customers and partners, ”said Amr Salem, CEO of Quantela. “The Quantela Association will give existing TerraCIS customers the security of working with a larger company and the ability to take advantage of our additional offerings to achieve better results.

About Quantela Inc .:
Quantela Inc. founded in 2015, is a technology company that offers business models of results through the digitalization of urban infrastructure. Unlike other tech companies, we tailor our offerings (what we can digitize) and the business model (how we partner with our customers to deliver that digitization) to drive measurable impact where our customers need it most. . Today, working with towns and villages; utilities and public places, our team of more than 280 experts deliver a wide range of business models delivering results through technologies such as digital advertising, smart lighting, smart traffic and digitized citizen services. We are backed by our main investors, Digital Alpha, one of the leading alternative asset managers focused on digital infrastructure; and Energy Impact Partners, a global investment platform leading the transition to a sustainable energy future. The company is headquartered at Burlington, Massachusetts in United States of America with offices across Europe, and Asia.

About TerraCIS Technologies Ltd. :
TerraCIS is a global technology leader with over a decade of experience providing the best IT solutions for efficient citizen service delivery and smart governance, through smart infrastructure. The main objective of TerraCIS is to create an engaging experience for all its customers, thus ensuring an effective advantage over the competition. With deep expertise in advanced technologies, the company has become a pioneer in analysis, systems integration and IT infrastructure management services.

About Gateway Partners:
Gateway is an emerging market focused manager who responsibly invests in growth and strategic opportunities in proven companies in the South and South East Asia, Middle East, and Africa. For more information, please visit www.gatewayfund.net.

About Avenue Capital:
Avenue Capital Group is a global investment firm focused on the private and public debt, equity and real estate markets in the United States, Europe, and Asia. From October 31, 2021, Avenue manages assets estimated at approximately $ 11.8 billion on behalf of a sophisticated global base of institutional investors including pension funds, family offices, foundations, insurance companies and sovereign wealth funds. Avenue was founded in 1995. For more information, visit https://www.avenuecapital.com.

Notes to Editors

  • At August 3, 2021, Quantela, Inc. announced the acquisition of CIMCON Lighting. Read more here.

Media contacts:
Gill fleming
Vice-President, Marketing, Quantela Inc.
E-mail: [email protected]
Telephone: +971 508 399 362

Heidi sporel
Director, Corporate Marketing, Quantela Inc.
E-mail: [email protected]
Telephone: +1 978 846 2659

SOURCE Quantela, Inc.


Source link

Share.

Comments are closed.