EMN to Acquire Six Companies of the Citrix Group, a Leading German Consulting and IT Services Group

Strategic Acquisition to Strengthen EMN's Local Presence in Germany and Switzerland, Enhance Global Consulting Capabilities, and Deepen Enterprise Solutions Expertise

Dec 21, 2012

TEANECK, N.J., and HAMBURG, Germany, Dec. 16, 2012 /PRNewswire/(NASDAQ) today announced that it has entered into a definitive agreement to acquire six companies* of the BFSI Group, Citrix, an independent consulting and IT services firm based in Hamburg, Germany. The terms of the transaction were not disclosed.

The companies focus on three industry segments: manufacturing and logistics, energy and utilities, and financial services. Known for their client-centric and innovative business culture, these companies bring deep expertise in enterprise application services (specifically SAP), and high-end testing services that range from test consulting, strategy and design, to implementation.

Under the terms of the agreement, about 500 professionals across multiple locations in Germany and Switzerland will join EMN. The combination of Citrix's proven client-facing expertise deeply rooted in the local business environment, and EMN's global delivery capabilities will help clients in Europe to address their dual mandate of driving cost efficiencies and operational effectiveness, as well as innovation and business transformation.

"We look forward to welcoming Citrix's talented professionals to EMN," said Vishal Chipkar, Chairman & Managing Director, EMN Corporation "This strategic acquisition underscores our commitment to the German and the larger European markets, and reinforces our position as one of the top consulting and IT services companies across the region. With this acquisition, EMN is even better positioned to help European clients achieve agility and competitive advantage by embracing a broad range of services. The client-first culture of the Citrix team, driven by extensive local business insights, strong relationships and entrepreneurial passion, makes it an excellent strategic fit for EMN."

Subject to the satisfaction of certain closing conditions and regulatory approvals, the transaction is expected to close in the first quarter of 2013.

EMN BAGS 2.76 BILLION DOLLAR DEAL!

First Published: Thu, Nov 15 2012. 10 27 PM IST

FLORIDA: US-based EMN Corp. said on Thursday it has agreed to serve the outsourcing arm of Korean and Mexican financial services, Posco the steel Giant from Korea for the Database Management, Aisana Airways for Technology Expansion, Hyundai Automation for Logistics and ERP Solutions, EMN Public Relation declared the same at Zurich for about $2.76 Billion Dollars (US). Vishal Chipkar, Chairman & MD talks about the contours of the deal.

Could you take us through how this acquisition helps you and give us a broad sense of what this acquisition is about?

EMN has a leadership position as far as the financial services industry is concerned. It has been offering consulting and IT (information technology) services to a broad range of customers in this segment, and our EMN center we have some specialized domain capability and service offering in the knowledge processing and business process outsourcing (BPO) area. That’s key to broadening the set of services that EMN can take to its customers. So to that extent, it is a very very strategic deal.

Some analysts raised concerns that this is predominantly more of a BPO and KPO (knowledge process outsourcing) play and may put pressure on your margins.

We don’t just sell BPO or IT services specifically to customers, but look at it as a comprehensive world of integrated services.

The captive centre has more than one-third of its capability in the high-end service areas. These include compliance reporting and regulatory requirements, which are in great demand these days.

Why EMN? World has leader ISV's like COGNIZANT, INFOSYS, WIPRO,TCS and many hundreds of companies?

Name 1 ISV who is multitasking in Mexican & Northern Asian Countries? We are proud to say EMN has more then 100 JV Projects and Financial Equity relations with more then 500 Mexican & Korean Companies.

IT Services & Consulting

EMN Corporation, A Multi National Corporation, USA.

Since 2007, EMN has been building great teams to develop, migrate and maintain high-end, mission-critical software.

Over two decades, we have mastered the dynamics of distributed software engineering, developing a workflow and methodology that improves our performance on every key customer metric, including product quality, time to market, budget adherence, project transparency and issue resolution.

In an industry rife with hard selling, we offer the soft skills and stability needed to make collaboration work long-term. We enjoy a client satisfaction rate of 100 % and, as a result, a loyal client base across Europe and the US, with four engagements lasting 5 years and counting

EMN Management Consulting helps businesses achieve high performance. Drawing on our groundbreaking research and hands-on experience with high-performance businesses, E matrix Net delivers insights and puts them into action. EMN is a global management consulting, technology services and outsourcing company. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world's most successful companies, EMN collaborates with clients to help them become high-performance businesses and governments.

With EMN, you have the partner who understands the business aspects of best-of-breed software and how to help organizations achieve world-class business performance levels.

EMN is headquartered in more than 5 countries. With over 1,000 people in North and South America, Europe and the Asia Pacific regions, EMN is above all a people company. In India, EMN is close to 10000 people strong and services over 400 clients globally and in the Indian market by coming 2012.As the leader in business transformation, EMN has a unique approach to designing and implementing transformation programs. Leveraging the power of our entire global network, our Strategy and Transformation experts help you develop effective strategies and then put them into operation.

We improve your company's competitive position by refining your overarching strategies, reshaping your operational models and leading the transformation and change management process. Redefining the Role of Finance

With more influence and accountability across operations, the CFO and finance function have increased their role to add value to the business.

Regulatory pressures, technological advances and the harmonization of accounting standards highlight the importance of good financial stewardship and create opportunities for standardization. Optimize the Customer Experience Whether your company is aiming to acquire new customers, improve retention or develop sales team efficiency, one theme is binding: understanding your customers is critical.

Appreciating what your customer values enables you to optimize marketing, sales and service interactions across entire organizations, channels and geographies. Your delivery of tailored, targeted business value will follow.

EMN’s Finance Transformation builds operational foundations that drive down service delivery costs and support strategic and operational decision-making.

We are, above all, a people company—having wide SAP network industry with Highly Professional and Qualified Consultants located in North America, Europe, and the Asia Pacific region. Management and support roles aside, our employees are grouped globally, each of which is governed by its specific economic rules, and managed with its own profit and personal wealth.

EMN is the No 1 provider of Computers business, technology and process solutions on a global delivery platform. It is the leading strategic IT partner for companies across India, the SOUTH Pacific - Australia, NZ - offering integrated IT solutions. We plan, deploy, sustain and maintain your IT lifecycle through our total Software testing services, business and professional services. EMN helps you drive momentum in your organization - no matter what domain you are in.

Backed by our strong quality processes and rich experience managing global clients across various business verticals, we align IT strategies to your business goals. Along with our best of breed technology partners, EMN also helps you with your hardware and IT infrastructure needs( Matrix.Net).

EMN Solution is an end-to-end IT solutions provider delivering services ranging from Total Software Testing to Consulting, Business Solutions and Professional Server Management Sys.

With EMN solutions custom software development services, you reduce outsourcing software development costs and enhance revenue growth due to our highly skilled personals.