BREAKING NEWS

Vedicsoft Solutions, LLC acquires Savantis Group, Inc

Vedicsoft Solutions, LLC (“Vedicsoft”), a New Jersey based IT solutions company, announced today that it has acquired Savantis Group, Inc.
(“Savantis Group”).  Vedicsoft’s acquisition of Savantis Group will expand the product offering of the company bringing together the extensive technical resources of Vedicsoft with the SAP expertise of Savantis Group in a way that will offer significant benefits for current and future customers.

Vedicsoft has global reach and resources, and a deep bench of technical experts. It also has a portfolio of innovative new products for onsite customer engagement in the hospitality and entertainment industries including highly practical CRM optimization tools, and smart analytics products.

Savantis has a proven expertise in creating, delivering and supporting solutions centered on SAP, the world’s leading business software. Specifically, Savantis Group has developed a leading expertise in the new S/4 product and associated technologies.

The new company will be rebranded Savantis (“Savantis”) and will have extensive partnerships with SAP, Amazon, Qlik, Extreme Networks and more that will further increase its capability to deliver complete business solutions.
CEO Nick Sharma, who has a track record of successfully growing companies, said: “Customers will benefit from an expanded portfolio of complementary offerings and our increased ability to deliver innovative solutions cost effectively.”

Allan Vanderheyden, the former CEO and owner of Savantis Group, will lead the new Solutions Division and added: “We are excited about our new capabilities to serve our customers better and continue to expand our innovative products that solve real problems.”

Savantis today employs over 500 people and serves 230 customers in 40 US states and multiple countries across five continents.

The business will initially focus on the hospitality, entertainment and retail markets, while also strengthening its manufacturing expertise, but plans to move into other industry verticals over time.

Vedicsoft is a privately-owned company and a portfolio company of Sowell & Co., a Dallas, Texas-based private investment firm.

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