Nevales acquires Syntensia

Nevales Networks India has recently
announced that the company has acquired privately-held Syntensia. The
acquisition of Syntensia is in line with Nevales's strategy, to
deliver to SMB solutions and services for connectivity,
communication, transaction and business applications on a secure
platform with 24x7 support. Syntensia fits into this strategy by
enhancing the range of security services Nevales can give to its
customers.

A private investor group headed by
Ravishankar lead this acquisition. Ravishankar has over 15 years of
experience in Indian and global banking. Prior to leading Nevales,
Ravishankar was the Country Head for Direct Banking and Cash
Management at YES Bank. Nevales has acquired all IP rights, customers
base and assets of Syntensia.

Ravishankar, Co-Founder and CEO,
Nevales Networks said, “The Team and Private Investor Group at
Nevales understands that security plays a very important role for
SMBs and this acquisition of Syntensia is a major step forward in the
company's strategy to deliver solutions and services with the help
of SaaS and cloud computing technology that meet our customers'
current and future need for a complete and secure Business Network.”

Nevales has assured Syntensia customers
that they will give comprehensive support during the coming months.
This acquisition announcement will not change any of Syntensia's
contractual obligations to its existing customers. Customers can
expect to see increased support and accelerated innovation. Existing
customers will see continuity of service with additional offerings to
the portfolio.

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