GrayMatter Expands Reach with the Acquisition of Talents Technology Oy

By CIOReview | Thursday, September 11, 2014

FREMONT, CA: GrayMatter Software Services Oy acquires Talents Technology Oy, Finland in a quasi-acquisition deal to jump start operations in Finland. This transaction demonstrates intent and speed of execution shown by GrayMatter worldwide towards ramping up their global R & D operations in Finland.

The Airport Analytics (AA+) product is already on the global map with a few strategic deployments establishing the product solution as a game-changer for the Airport industry. Tekes grant (Tekes is the Finnish Funding Agency for Innovation) for the product innovation R&D of AA+ only highlights the market potential of Airport Analytics solution and is poised to take the product to its planned leadership position. Towards this goal the Talents team with its exemplary record is ideally placed to deliver desired results. One of the factors for this acquisition was the perfect fit that Talents Technology team bought to the table in terms of knowledge and skill sets.

Vikas Gupta, CEO for GrayMatter Worldwide, emphasized that “This acquisition is a great synergy and partnership wherein minds and vision meet. The capability and skills showcased by Andy’s team is exactly what we need to build our global products and solutions.  Andy is a fabulous guy and the team complements our global vision for product innovation and strategic Big Data Analytics & Data discovery solutions worldwide”

The  acquisition process is now complete with seamless integration of the teams with Andy Kozak, (former Managing Director) Talents Technology Oy elaborating “We believe this partnership and integration with GrayMatter is a step forward for us towards expansion into  the global markets  with an experienced International player  who has a formidable presence in markets like  USA, EMEA & Asia “

The Helsinki Business Hub team has been key for the growth of GrayMatter team in Finland with some solid ground support and validation of important information whenever required. It was no different in this transaction and the support has been ongoing.

Very happy to see foreign companies thrive here in Helsinki. The Talents acquisition is yet another successful stepping-stone for GrayMatter in its quest to establish a global R&D center here”, says Micah Gland, deputy CEO of Helsinki Business Hub.