ProKarma and abc Consulting Join Forces to Create a Preeminent Global IT Services Organization

DENVER and BUENOS AIRES, Argentina, May 16 /PRNewswire/ -- ProKarma, a leading IT solutions provider, today announced a definitive merger agreement with abc Consulting, one of the premier SAP service providers in Latin America. ProKarma will hold a majority stake in Buenos Aires-based abc Consulting.

(Logo:  http://photos.prnewswire.com/prnh/20100516/LA05644LOGO)

(Logo:  http://www.newscom.com/cgi-bin/prnh/20100516/LA05644LOGO)

The merger agreement provides ProKarma with valuable services delivery capability in Latin America, allowing its customers timely, cost-effective access to a full range of IT services. The agreement further enhances ProKarma's presence in the SAP market.

abc Consulting, which built its reputation as a provider of high-quality, full SAP lifecycle solutions, will now be able to offer a diversified solutions portfolio. This includes the full range of ProKarma IT services, which encompasses custom enterprise software solutions, mobile solutions, eMarketing, cloud computing, software factories, testing and validation among other capabilities.

"For ProKarma, the merger offers a two-fold benefit. First, incorporating abc Consulting's SAP expertise into our portfolio enhances our SAP capabilities and gives us the ability to have a single point of support for ProKarma's current and future SAP customers," said Vivek Kumar, president and CEO, ProKarma, Inc. "In addition, we can now serve our clients around the clock from six service delivery centers in the US, Argentina and India."

"Coupling our expertise in the SAP space with ProKarma's expansive IT services portfolio will help us strengthen our offering to our combined customer base," said Andres Blachman, president of abc Consulting. "Argentina is fast emerging as an IT Services hub and joining forces with ProKarma will help us collaborate at a global level to provide services to customers in Latin America and the US."

The complementary strengths and geographical presence of ProKarma and abc Consulting create an IT services powerhouse with presence in three continents and a worldwide customer base of more than 150 multinational corporations.

In 2009, abc Consulting was recognized by SAP for its excellence in technological innovation and contribution to customers' businesses. abc Consulting will continue to operate under its own brand and will be recognized as a ProKarma Company.

ProKarma was named the fastest-growing private IT services company in America by Inc. Magazine in its 2009 Inc. 500 rankings.

About abc Consulting

abc Consulting offers a complete range of products and services covering the full lifecycle of SAP solutions. Our SAP portfolio includes SAP Software Licenses (VAR), Cross-Industry ERP implementations and rollouts, upgrades, migrations, CRM, SCM, SRM, ABAP and JAVA development, Public Sector and Healthcare Industry Solutions and NetWeaver based solutions including Business Intelligence, Portals, Master Data Management, Process Integration, Mobile Applications and Knowledge Management. We also provide 1st and 2nd level support (preventive, corrective and continuous improvement) as part of our Application Management Service offering. For more information visit www.abcconsulting.com.ar.

About ProKarma

ProKarma is a full-range IT solutions provider offering innovative and cost-effective services including custom enterprise software solutions, mobile solutions, eMarketing, cloud computing, software factories, testing and validation . Our BPO division provides utility invoice management and telecom expense management services. For more information, visit www.prokarma.com or send an email to [email protected].

SOURCE ProKarma