Gravitas Technology, a leading technology solutions provider and business consultant to the alternative investment industry and financial services companies, today announced the acquisition of 9 Networks Inc., a boutique information technology services provider.
The acquisition, which is effective immediately, reinforces Gravitas' position as a key provider of systems integration, software and consulting services to hedge funds, private equity firms and alternative investors. Clients of 9 Networks will be able to take advantage of Gravitas' range of service offerings, including colocation, disaster recovery, cloud computing, 24 hour support from Gravitas' team of professionals in the United States and India, as well as access to the GT360° software framework and business analysts in its software and business consulting divisions.
"I am pleased to welcome 9 Networks and its clients," said Gravitas CEO Jayesh Punater. "We're coupling organic growth with strategic acquisitions to create a full service platform of technology, service and business consulting offerings that are helping power a new era in the alternative investment management industry."
"I am extremely impressed by Gravitas' commitment to providing top quality service and a broad range of IT services to its clients. 9 Networks is built on a foundation of technical excellence, top-notch customer service, and solution adaptability to conform to business needs; these tenets are readily apparent throughout the Gravitas organization," said 9 Networks CEO Vik Davar. Davar will continue to work with Gravitas in a consulting capacity.
The terms of the private transaction were not disclosed.