MethodHub Consulting, the US-based subsidiary of Indian IT consulting firm MethodHub, has acquired a majority stake in Zortech, a Mississauga-based IT consulting firm.
Founded in 2018, Zortech provides technology and recruiting consulting services to clients in telecom and ecommerce. The firm has practices across software development, project rescue and management, DevOps, QA, and maintenance and support, among other areas.
Zortech has over 70 employees and offices in Canada, the US, and India.
The transaction will expand MethodHub Consulting’s physical presence in Canada, where it has a Mississauga office. Parent company MethodHub, which has approximately 1,000 employees, is aiming for an initial public offering in India later this year.
“This strategic acquisition helps us grow faster in Canada through Zortech’s reach and business engagements in a neighbouring market. We would bring industry-leading partnerships, a larger team, more offerings, and top-notch use cases and customer experiences to help Zortech grow”, said Aho Bilam, president and CEO of MethodHub Consulting.
MethodHub was founded in 2018 and provides services across cloud, data and analytics, ERP, CRM, and AI. The firm works with clients in financial services, healthcare, technology, energy, and telecom.
MethodHub has operations in India, Thailand, The Philippines, Malaysia, and North America.
“Our association with MethodHub Consulting gives us more to offer our customers, leverage customer experiences better, and gives us the arsenal to compete with much bigger players in a large-customer/ large service provider market like Canada. This would give us the size to compete, the technology options to position, and the reach to deliver from multiple locations,” said Ajay Pasala, chief marketing officer of Zortech.