Nevales Announces the Acquisition of Syntensia
Nevales to empower SMB customers with a "Pay as you Use" secure platform to do business and add new offerings for connectivity, communication, transactions and business applications on Software as a Service model.
Online, April 5, 2010 (Newswire.com) - Mumbai, India. April 5th, 2010: Nevales Networks Pvt Ltd, with corporate headquarters in Mumbai, India, today announced that the company has acquired privately-held Syntensia, the pioneer in Security on-Demand services. The acquisition of Syntensia is in line with Nevales's strategy, to deliver to Small and Medium Businesses (SMB) solutions and services for connectivity, communication, transaction and business applications on a secure platform with 24/7 support. Syntensia fits into this strategy by enhancing the range of security services Nevales can provide to its customers.
A private investor group headed by Mr. Ravishankar leads this acquisition. Mr. Ravishankar is an experienced Banker with over 15 years of experience in Indian and Global Banking. Prior to leading Nevales, Ravishankar was the Country Head for Direct Banking and Cash Management at YES BANK, a leading Indian Private Sector Bank. Nevales has acquired all IP rights, customers base and assets of Syntensia.
Ravishankar, Co-Founder and Chief Executive Officer for Nevales Networks, said: "The Team and Private Investor Group at Nevales understands that security plays a very important role for SMBs and this acquisition of Syntensia is a major step forward in the company's strategy to deliver solutions and services with the help of SaaS and cloud computing technology that meet our customers' current and future need for a complete and secure Business Network."
Nevales assures Syntensia customers comprehensive support during the coming months. This acquisition announcement does not change any of Syntensia's contractual obligations to existing customers. Customers can expect to see increased support and accelerated innovation. Existing customers will see continuity of service with additional offerings to the portfolio.
About Syntensia
Syntensia, a swedish company established in 2005 is a pioneer in Security on-demand solutions sold on subscription basis. Syntensia focuses on providing best of the breed security technologies for Small and Medium Businesses
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