CIGNEX, Excellerent partners with Relevance Lab to form a global powerhouse in digital transformation & cloud services

CIOTechOutlook Team | Thursday, 19 January 2023, 11:13 IST

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In order to establish themselves as a leading provider of cloud services and digital transformation, CIGNEX and Excellerent recently announced their merger with Relevance Lab. Relevance Lab, with its headquarters in Singapore, will now have delivery presence in North America, India, and Ethiopia in addition to its 1500+ global workers.
 
While CIGNEX is a leader in Open-Source Technologies and Cloud that are used to engineer/deploy digital transformations & robotic process automation applications, Relevance Lab excels in DevOps/Automation on Infrastructure, Applications, and Data, and Excellerent, in addition to its Agile Engineering prowess, provides a unique differentiator with its development centre in Ethiopia.
 
Through the platform's economies of scale and an integrated strategy, the merger enables its worldwide development centres to address all aspects of the digital transformation. Under the direction of the new CEO, the current management of the different companies will remain in their new positions.
 
Vasu Sarangapani has joined Relevance Lab as its new President & CEO as a result of this merger. Vasu has over 30 years of experience working in the technology services industry. Vasu held the positions of Chief Growth Officer and Chief Sales Officer at GlobalLogic Inc. before taking on his current position. During his nine-year tenure, he notably contributed to the company's global business expansion and was crucial in facilitating repeated exits for the PE investors.
 
Explaining the rationale behind the merger, Vasu Sarangapani, incoming President & CEO, Relevance Lab, said, "Digital Transformation for enterprises is an existential necessity today and CXO's want to accomplish this quickly by leveraging technology and partnerships to gain even the smallest competitive advantage. I strongly believe that the merged entity, with its deep technology expertise and assets driven approach, is well positioned to capture a big chunk of this digital services market and am very excited to be a part of this compelling story."
 
"Given that the 3 companies had a common investor and the management team's high levels of comfort working with each other over the years, it was only natural for us to merge as one company to unify our complementary technology offerings and service our customers. Under the leadership of Vasu, we look forward to rapidly increasing value creation for all stakeholders," commented Raja Nagarajan, Founder & incumbent CEO,
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