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UST buys American co Abhra's ServiceNow business unit 

UST buys American co Abhra's ServiceNow business unit 

Published:24 February 2021

As part of its acquisition-led growth strategy, software services firm UST, which is registered in Thiruvananthapuram as well as California in the US, on Wednesday snapped up the ServiceNow business unit of the US-based Abhra Inc for an undisclosed sum.

Thiruvananthapuram | As part of its acquisition-led growth strategy, software services firm UST, which is registered in Thiruvananthapuram as well as California in the US, on Wednesday snapped up the ServiceNow business unit of the US-based Abhra Inc for an undisclosed sum.
The Montana-based Abhra, which has three offices in the US and one in Hyderabad, is the 12th acquisition by UST since early 2018, which till last month was known as UST Global.
The relationship between UST and Abhra dates back to 2016, when they formed a strategic partnership to incubate and mature the ServiceNow practice for UST.
Over the past four years, Abhra, through UST, has delivered ServiceNow solutions to over 20 UST customers across the globe.
Between February 2018 and August 2020, UST had taken over Tastry, SSTS/Pcloudy, Ksubaka, Necsia Cybersecurity, Cogniphi Technologies, Contineo Health, ComplyUSA, SCM Accelerators, Aprexo, Sevitech Systems and Pneuron in February 2018.
The latest UST acquisition is of Abhra's business of consulting, implementation, extension, and integration services and ongoing support to users of its ServiceNow software.
Our strategic, co-creative partnerships and acquisitions are an inherent part of our growth story as our partners continue to work with us to create world-class solutions that bring their vision to life, said UST Chief Investment Officer Sunil Kanchi.
"With the acquisition of ServiceNow, we are extending our industry-leading capabilities that empower organisations to streamline their operations and improve collaboration with clear visibility," he added.
Abhra is an IT automation solutions company focused on developing and implementing software as a service (SaaS) platforms that help customers realise better value from their cloud investments.
Following the deal, Ahra Chief Executive and Managing Partner Kailash Attal will join UST to lead UST's SaaS practices incubation and maturity initiatives, including the ServiceNow software, and Workday and Coupa platforms service offerings, UST said.
The California-based UST was founded by Kerala-origin American businessman GA Menon and Stephen Ross in 1999 in California, and is present in 25 countries and employs over 26,000 across 35 offices.
Of the total headcount, over 15,000 are in India with the largest being at the Technopark campus in Thiruvananthapuram with over 6,000 and the Benguluru campus hosting another 4,500.
With over USD 1 billion in annual revenue in 2019, UST provides digital technology and transformation, IT services and solutions to global companies.


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