On 12 April 2019, in a simultaneous announcement in Mumbai and New Delhi, 4Cplus (Internet) Company Limited and DOT1 Solutions Private Limited stated that they have entered into a definitive merger agreement. The merger agreement has been approved unanimously by the boards of both companies.
4Cplus established itself over the past 20 years as a quality provider of software solutions to news publishers, digital media companies and broadcasters. The company provides end-to-end technology solutions to its clients. These solutions and services include software development, offshore and onsite software work. 4Cplus has domain expertise in enterprise solutions (ERP), Internet applications, technology solutions and newsroom automation.
DOT1, incorporated in 2014, delivers more than 50 services and products in management consulting, technology and business transformation outsourcing. With the just announced merger, 4Cplus will strengthen DOT1’s industry (media and entertainment) and digital (social, mobility, analytics and robotics process automation) capabilities.
Sanjay Hiranandani, chief executive officer of DOT1 Solutions states, “I am delighted to announce this very important transaction, so early in DOT1’s journey. 4Cplus perfectly fits our strategic ambition and there is a clear meeting of minds amongst us as people. It will give us a new status in the global market, and take further our commitment to vertically integrate within the media and entertainment supply chain. Proof of value is already there to see with both companies coming together, even before this merger, to deliver products and services to large publishing houses in India. This will also give DOT1’s India operations a new scale, with delivery centers across West, South and North India. I am glad to welcome new ‘knowledge products’ (talent) and leaders to DOT1, who share our convictions and professional culture.”
He added, “This merger will allow customers to make a choice on the platforms that add value to their business rather than being compelled to take decisions based on roadmaps of large organizations who fail to understand the compulsions of media organizations.”
Sanjay Gupta, chief executive officer, 4Cplus says, “We are gratified that the company we founded 20 years ago has through this merger developed into a global enterprise of 250+ employees. We are pleased to have found a great partner for the business and are confident that our employees and customers will benefit from the enhanced service and product offerings. We are looking forward to combine our products with the consulting knowledge of DOT1.”
Transaction highlights
Reinforcing sector expertise notably in media and entertainment, 4Cplus brings an attractive portfolio of major products and clients complementary to those of DOT1. This transaction also reinforces both organizations’ positions in the media and entertainment sector, and prompts a faster transition to platform-based solutions.
The merger will enlarge the portfolio of capabilities and offerings such as ERP extension for broadcast and print media, advertising, editorial system and distribution. Consulting capabilities will advise, deliver and optimize across value streams of media asset management, broadcast management and digital newsrooms. Apart from domain knowledge, it brings together a large pool of SAP, Oracle, Java, .Net, Mobility, Portal, Digital and RPA resources across large delivery centers.
It is expected to enhance competitiveness and footprint across the print, broadcast and digital customer base. Additionally, it will bring customer proximity across India and in North America, EMEA and APAC.
