SENA Systems Announces Acquisition by AurionPro
SENA gains the capability to provide a much broader reach of it services in the US and throughout Asia
EDISON, NJ, March 3, 2008 SENA Systems Inc, the leading Identity and Access Management Systems delivery organization announced today that it is broadening its coverage in the IdM space to embrace a richer set of products.
AurionPro will acquire SENA, Headquartered out of Metro park, N.J, USA and with offshore delivery center in Pune. SENA is focused on an Identity and Access Management (I&AM) space catering mainly to securities needs of BFSI sector. SENA provids the full spectrum of services to enable its customers to plan, assess, select, implement and integrate complete I&AM implementations and has team of over 80 people mainly in USA and India.
According to Mr. Robert Levine, President & CEO of SENA, “AurionPro provides an outstanding opportunity for SENA to expand its operations to the US West Coast and Asia while concurrently leveraging the synergies in both markets. It will also help build scale in our current India operations and help us leverage on AurionPro’s expertise in managing offshore delivery at a much lower cost to our customers.” Mr. Maneesh Bhandari, Executive Chairman of SENA stated, “This transaction would enable SENA to accelerate its growth, offer more value added products and services and exceptional value to our customers. Both Robert and I are excited about this opportunity and look forward to a successful future
Mr. Amit Sheth, Managing Director of AurionPro said, “SENA has an excellent client portfolio & team with deep domain knowledge in the BFSI sector and with large banks as customers in American market. This will expand our customer base significantly and also strengthen our support capability in the North American market. This acquisition will also help us expand our customer offerings significantly in Asia, besides expanding our foot print to Japanese market”. He further commented that, “There is a great cross selling opportunity within existing customers of SENA and AurionPro. SENA will provide AurionPro access to large US banks for it’s niche electronic payment practice in US and will help expanding SENA’s operations where we have established infrastructure and delivery capabilities, particularly in, Middle East Asia and Europe.”
Elobrating further Mr. Sheth said AurionPro will benefit from large and reputable banking and finance clients of SENA with more than 250 I&AM engagements with Fortune 500 companies and its extensive knowledge of financial services industry. SENA’s vendor neutral approach will help AurionPro‘s clients in matching the right technology with the right solution. SENA's in-depth knowledge of the leading application security products is combined with real-world experience in enterprise deployments. In addition to strnghthen securiity features of its product portfoli, this will help AurionPro in offering integrated products to the customer quickly across the region and to expand it to other markets like Japan, US East Coast and UK. Elaborating further Mr. Sheth said, there also exist a great synergy in integrating SENA’s offshore capabilities with AurionPro to derive strong cost benefits and to quickly ramp up SENA’s offshore capabilities.
The transaction is subject to obtaining necessary regulatory approvals and reaching definitive agreements for stock purchase and management contracts.
About SENA Systems Inc
SENA Systems is an Identity and Access Management (I&AM) focused consulting organization provides the full spectrum of services to enable customers to plan, assess, select, implement and integrate complete I&AM projects. Founded in 1999, SENA is exclusively focused on the delivery of Identity and Access Management Solutions to our clients and are thought leaders in the industry. SENA's in-depth knowledge of the leading application security solutions and real-world experience in enterprise deployments is combined with our vendor neutral approach helps our clients in matching the right technology with the right solution.
Headquartered in Edison, New Jersey, SENA has offices in Virginia, Massachusetts, California and India
AurionPro Web Site: http://www.aurionpro.com
More information is available at www.senasystems.com.