M&A
Prodapt Solutions acquires UK-based telecom engg firm SLR Dynamics
Chennai-based Prodapt, a consulting, technology and managed services provider to the telecom vertical, has acquired SLR Dynamics, a Reading, UK-based company focussed on digital engineering and automation services in the TMT (technology, media and telecom) industry. SLR Dynamics counts leading European and African telcos as its customers. The deal is expected to protect 100+ jobs at SLR Dynamics. Over the next three years, Prodapt plans to grow the UK team by adding 400-500 employees with a plan to invest GBP 50 million. This is Prodapt's second acquisition for the year following its acquisition of Silicon Valley-based Innovative Logic in August.
From the Venture Intelligence PE-VC Deal Database: In Sep-19, Prodap Solutions had raised $75 M from Affirma Capital.
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