Sutherland is in talks to purchase Suneratech which is an ITeS platform

20 Jun 2023 , 12:17 PM

Sutherland Global Services, a US-based business process transformation company, is in talks to buy Sunera Technologies (Suneratech), a provider of cloud-based platforms and enterprise IT automation solutions, according to news reports. Sutherland Global Services wants to diversify its clientele. According to the reports, a sale will likely value Suneratech at $200 million.

A prior attempt to buy Suneratech had been made by the Asia-focused PE fund BPEA EQT. According to the company website, Suneratech provides a team of specialists who specialize in cloud, analytics, internet of things, automation, data science, artificial intelligence/machine learning, and business intelligence to assist businesses in enabling digital transformation. 

Suneratech serves more than 300 customers in the US, Europe, and Asia as the technical partner for AWS, Microsoft, SAP, Automation Anywhere, Azure, and Oracle. Among its notable clients are Adidas, Facebook, Godrej, Reebok, HUL, Oracle, P&G, Schneider, USHA, Xerox, and WNS.

Sudheer Mareddi and Ravi Reddy founded Suneratech in 2005. It now employs 2,200 people across its operations in Hyderabad, Ontario, Singapore, the United Arab Emirates, and the United States.

In order to diversify its offering of AI solutions, Sutherland purchased Augment CXM, an AI-based customer experience platform, last year. Apollo Health Street, a BPO with a focus on healthcare founded by the founders of Apollo Hospitals, was purchased by Sutherland for $1 billion in India in 2012.

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