Relevance Lab Takes The Merger Route To Growth; Excellerent And CIGNEX Merge With The Firm In A New Deal

Digital transformation holds the key for organizations to accelerate growth in a competitive world.

Tapping into the growing need of organizations to embark on digital transformation journeys, Relevance Lab has taken the lead in becoming a global powerhouse in digital transformation and cloud services.

Singapore-headquartered Relevance Lab has taken the merger route to accelerate growth and become the first choice for big enterprises and large technology firms looking to embark on the digital transformation journey.

In a strategic move, Relevance Lab has merged with CIGNEX and Excellerent. Following the merger, Relevance Lab now has expanded its delivery presence across North America, India and Ethiopia. Post-merger the company’s global headcount stands at 1500+ employees.

Relevance Lab’s big merger move gives it economies of scale with its platform offering an integrated approach to address all the dimensions of digital transformation from its global development centers.

Relevance Lab excels in DevOps/Automation on Infrastructure, Applications and Data, one of the merged entity partners CIGNEX a global consulting company that is a leader in Open-Source Technologies and Cloud used to engineer/deploy digital transformations and robotic process automation applications. The second entity Excellerent boasts of its Agile Engineering prowess and provides a unique differentiator with its development center in Ethiopia.

For the merger, the shareholders of CIGNEX and Excellerent rolled up their shares into Relevance Lab on a share swap basis. The incumbent management of the respective firms will continue to scale the firm in their new roles under the leadership of the new CEO.

With the merger, Vasu Sarangapani has joined Relevance Lab as the new President and CEO. Providing insights into the merger deal, Sarangapani, says, “Digital transformation for enterprises is an existential necessity today and CXOs across the world are under pressure to accomplish this quickly by leveraging technology and partnerships to gain even the smallest competitive advantage.” He adds, “I strongly believe the newly merged entity, with its deep technology expertise and assets-driven approach, is very well positioned to capture a big chunk of this digital services market and I am very excited to be a part of this compelling story.”

An exceptional leader, Sarangapani has over 30 years of experience in Technology Services. Before taking up his new role at the merged entity, he was a part of GlobalLogic Inc, as the Chief Growth Officer. Before that, he served as the Chief Sales Officer of the company. 

He was with the company for 9 long years and played a key role in helping expand GlobalLogic Inc’s global business significantly and provided multiple exits for the PEs. He started his career at Wipro Technologies where he played an important role in expanding its footprint in the manufacturing and hi-tech domains. He managed a globally distributed sales team and acquired and managed several strategic relationships as part of their US$ 500M+ Product Engineering Services organization.

Interestingly, the three companies Relevance Lab, CIGNEX, and Excellerent have a common investor. Raja Nagarajan, Founder and incumbent CEO, of Relevance Lab, says “Given that the three 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.”