Patni Computer acquires telecoms consulting firm Logan-Orviss

03 July 2007

Patni Computer Systems Ltd has announced the acquisition of European telecom consulting firm Logan-Orviss International (LOI).

The deal includes an upfront cash component on completion of the transaction as well as performance-linked incentive payments on achieving financial targets over a three-year period.

LOI closed 2006 on a profitable note with revenues of €11.8 million.

The acquisition strengthens the Patni''s capability in communications and media practice providing operators thought leadership and operational transformation consulting for mission critical IT initiatives.

Logan-Orviss International will become Patni''s telecommunications consulting and advisory practice, and will be led by Brendan Logan and Colin Orviss, the firm''s co-founders.

Commenting on the acquisition, Neeraj Gupta, executive vice president, Patni Computers, said, "The LOI acquisition underscores our commitment to global telecommunications and media customers. With this, Patni adds further depth to our pool of telecoms specialists enabling us to provide the best of world-class consulting and global delivery."