Prodapt, a networking consulting, technology, and managed services provider announced on Wednesday that it had acquired UK-based SLR Dynamics for an undisclosed sum, marking the company’s second acquisition of the year. Prodapt purchased Silicon Valley-based Innovative Logic in August of this year.
The purchase of SLR Dynamics would bolster Prodapt’s leadership in the connectivity sector. Prodapt’s acquisition of SLR Dynamics would assist deliver greater value to its worldwide customers as the TMT industry accelerates digital transformation journeys using technologies like 5G, cloud, computing, and the internet of things, according to a statement from the firm.
“The acquisition will result in protecting over 100 jobs at SLR Dynamics. Over the next three years, Prodapt plans to grow the team in the United Kingdom by adding 400-500 employees and plans to invest GBP 50 million. I am excited to welcome Salim (Salim Raza, SLR Dynamics CEO) and the SLR Dynamics team to the Prodapt family. The capabilities of SLR Dynamics in cloud, security, IoT and product design will play an important role as Prodapt continues to become the preferred digital transformation partner to the enablers of hyper-connectivity”, Prodapt Chairman Vedant Jhaver said.
“SLR Dynamics has always focused on building teams with deep domain knowledge and delivering high-quality services to our customers,” Salim Raza said. “Joining Prodapt will enable us to offer much deeper capabilities, take on larger engagements, and deliver significantly enhanced value to our global telecom customers,” he added.