SLR Dynamics has been acquired by a North American consulting, technology and managed services provider.
Prodapt has promised to expand the workforce from around 100 to more than 500 with £50 million investment into the Reading-based company over the coming years.
SLR Dynamics, founded in 2009, is focused on digital engineering and automation services in the TMT industry, and counts leading European and African telcos among its customers.
“SLR Dynamics has always focused on building teams with deep domain knowledge and delivering high-quality services to our customers,” said Salim Raza, CEO, SLR Dynamics.
“Joining Prodapt will enable us to offer much deeper capabilities, take on larger engagements and deliver significantly enhanced value to our global telecom customers.”
This is Prodapt’s second acquisition for the year following its acquisition of Silicon Valley-based Innovative Logic in August.
“I am excited to welcome Salim and the SLR Dynamics team to the Prodapt family,” said Vedant Jhaver, chairman and CEO, Prodapt.
“The capabilities of SLR Dynamics in Cloud, Security, IoT and Product design will play an important role as Prodapt continues to become the preferred digital transformation partner to the enablers of hyper-connectivity.”
The UK’s Minister for Investment Gerry Grimstone said: “Prodapt’s decision to pick the UK as its investment destination of choice is a vote of confidence in the UK economy, and demonstrates the strength of UK and India’s bilateral relationship.
“We look forward to working together closely to bring high value jobs and economic growth to every corner of the UK as we build back stronger from the pandemic.”