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Monday Nov 25, 2024
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Pyxle Founder and Chairman and Executive Director Presantha Jayamaha (left) and Trabeya CEO Sanjay Popat
Pyxle, a global digital consultancy based out of Sri Lanka which helps middle market companies accelerate their digital transformation journey, today announced that it has reached an agreement to merge with Trabeya, an advanced data analytics and artificial intelligence products and solutions company serving a global customer base, with its operational team out of Sri Lanka and its headquarters in Singapore.
The combination of these two entities creates a leader in the data industry with the management, capabilities, resources and scale to successfully capitalise on the opportunities in this field.
Pyxle accelerates digital transformations for businesses with its holistic assessment of their current and desired digital roadmap and digital maturity, and thereafter outlines and implements an optimal data solution with product innovation and engineering, hosting, cloud and technology operations, robotic process automation, as well as systems integration. Trabeya enables businesses to make effective decisions quickly with its data-driven machine intelligence solutions. Springboard, its cloud-based platform, seamlessly integrates plug-and-play tools, including proprietary artificial intelligence products, in to existing business workflows to achieve real-time analytics to enhance performance.
The merger of both companies creates a comprehensive offering, all on one platform that delivers digital strategy planning and systems integration, data management and visualisations, and deep analytics powered by proprietary artificial intelligence tools, to enable a smooth and fully integrated customer experience to better serve business needs.
“We are thrilled to bring together our complementary offerings to further advance our customers’ experience at every stage of their digital journey,” said Pyxle Founder, Chairman and Executive Director Presantha Jayamaha. “This strategic merger provides us with the opportunity to enter a promising new era, to leverage our combined core competencies in digital strategy as well as data analytics and artificial intelligence. We see huge potential to create a turn-key experience for our customers, which will give our employees the opportunity to have an even greater impact on the businesses that we work with.”
The combined teams bring deep knowledge and insights in their respective domains, and the entities have aggregated a highly global customer and partner network, including being a certified Microsoft Gold partner.
“We have worked very closely with Pyxle over the last few years, and our engagement has deepened and grown in scope. This merger presents an important milestone in cementing our strong relationship, and our joint capabilities will create significant synergies. We are immensely excited about the future,” said Trabeya CEO Sanjay Popat.
Post the strategic merger, Presantha Jayamaha will step down from his role as Chairman and Executive Director of Pyxle, paving the way for younger leadership in the group to ascend. Presantha was instrumental in building Pyxle over 17 years and played a vital role in its trajectory. He will be divesting his stake to current shareholder Tavistock Group, an international private investment organisation.
“I have led Pyxle as Founder-CEO, and then Chairman, through private equity investment, growth, and change through many cycles over the last 17 years. The opportunities before us, with this merger, are very exciting but, as for me, it is the right time to let a new team take the combined business further and release more value,” said Presantha.
