American IT integrator and managed services provider Gyansys Inc purchased Argentina-based SAP partner SouthEnd Group as part of its new strategy termed “aqui-hiring” , which consists of acquiring employees by buying the company they are working for.
Founded in 2006 in Buenos Aires, Southend employs around 100 IT professionals with deep expertise in enterprise software systems. With two delivery centers (one in Argentina and another Brazil), SouthEnd serves clients across the region, including in Chile, Peru, Guatemala and the Dominican Republic.
This is Gyansys’ second acquisition this year, apparently aimed at acquiring skilled human talent who can work in synch with US time zones.
“The SouthEnd team brings remarkable talent and experience,” said Rajkishore Una, CEO of GyanSys.
“Combining our team and capabilities and their presence in Brazil and Argentina will allow us to provide exceptional service, such as providing managed services within the same time zone to our North American customers,” he added.
Indiana-based GyanSys reportedly turned to acqui-hiring in late 2020 when the sudden boom for digital transformation services dried up the talent resources.
For Gyansys, hiring was not easy even before the pandemic. It realized this harsh truth some years ago, when it made job offers to 15 candidates. Only two people accepted the offer, and both left the company after six months of training.
Today, the company claims to have employed more than 2,000 people, with a large majority of them based in India, where Rajkishore Una has his roots.