Acquisition to Offer Strong Engineering Opportunities for UST Global and Clients
ALISO VIEJO, CA: - (Marketwired) - UST Global, an information technology solutions and services company for Global 1000 enterprises, announced today its strategic acquisition of Kanchi Technologies, a Milwaukee based award winning engineering solutions company. This acquisition will grow UST Global's engineering services. Kanchi Technologies has operations in the US, Germany and India.
Kanchi Technologies provides end to end product development capabilities to world class companies in the Automotive, Off-Highway and Manufacturing sectors achieving higher efficiencies and shorter time to market. Focused on companies based in Detroit, this acquisition allows UST Global to create over 150 jobs in the Detroit area extending the influence of its exceptional STEM initiative Step IT UP America.
"Keeping with our long history of work with Global 1000 companies, this acquisition enables us to bring best-in-class high end capabilities to our customers,"
said Sajan Pillai, CEO of UST Global.
"The talent and deep domain expertise that is the result of the acquisition is unparalleled in the industry.
We are excited to showcase this highly specialized offering to our customers looking for disruptive, innovative solutions to compete in a global marketplace."
"Engineering focused organizations are under tremendous pressure to deliver cutting edge competitive solutions on time and under budget," said Sunil Kanchi, Founder of Kanchi Technologies. "While we have been successfully bringing high end skill set, with UST Global's wide footprint, we will be able to deliver a much wider range of Innovative solutions with higher efficiencies."
(Center) Sunil Kanchi, Kanchi Technologies Inc. (Photographed by: Scott Paulus)
Founder Sunil Kanchi was one of the Milwaukee Business Journal's 2013 40 Under 40 winners. He developed a co-sourcing model of engineering, which he's described as a more integrated and adaptive form of outsourcing, that he built into a business. The company, Kanchi Technologies, has since grown internationally and has offices in Franklin, Germany and India, serving companies in the automotive, off-highway and manufacturing sectors.
Due to Kanchi's Detroit focus, its acquisition allows Alisa Viejo, Calif.-based UST Global to create more than 150 jobs in the Detroit area, according to UST.
According to a statement from Kanchi in UST's press release on the acquisition, "While we have been successfully bringing high-end skill set(s), with UST Global's wide footprint, we will be able to deliver a much wider range of innovative solutions with higher efficiencies."
About UST Global
UST Global is a leading provider of end-to-end IT Services and Solutions for Global 1000 companies. Established in 1998 and headquartered in Aliso Viejo, California, UST Global has operations in USA, India, Mexico, Spain, UK, Malaysia, Philippines, and Singapore. UST Global is a technology leader with profound domain expertise across the following industries: Healthcare & Insurance, Retail, Financial Services, Transportation & Logistics, Manufacturing & Automotive, Telecommunication and Media & Entertainment. By focusing on the business model of ‘fewer CLIENTS, more ATTENTION’, UST Global strives for excellence in providing their clients with the best service and commitment to long-term client success. With 14,000 employees, UST Global's growth and clientele have been impressive. Please visit www.ust-global.com for more information.