Syntel to Buy Enkay's AV, UC Businesses
Syntel Telecom Ltd. is reportedly buying two of three business units currently owned by Enkay Technologies. That includes the audio-visual system integration and unified communications businesses.
The buyer, Syntel Telecom, is a telecommunications company. It’s a subsidiary of Arvind Ltd. an apparel maker out of Ahmedabad in western India.
Enkay is out of India as well. It’s based in Mumbai and also has an office in the Chicago suburb of Lisle. Enkay is a Microsoft Gold Partner for Application Integration, specializing in business process automation, application integration, and business intelligence.
Following the deal, Enkay will focus solely on integrated security. Meanwhile Syntel will use Enkay’s other two business units to diversify and strengthen its engineering and telecommunication business.
Global Market Insights says the overall UC market is poised to reach $96 billion by 2023. And it notes the expected proliferation of hosted products in this category.
Gartner’s 2016 Magic Quadrant for Unified Communications lists Cisco, Microsoft, Mitel, and Avaya as the leaders and NEC, ALE, and Huawei as the overall UC challengers. BT, RingCentral, 8x8, West, and Fuze are the unified communications as a service leaders, according to last year’s Gartner Magic Quadrant for Unified Communications as a Service, Worldwide. Meanwhile, IHS Markit in January 2017 named BroadSoft the global UCaaS platform leader, with 38 percent of the total worldwide UCaaS seats running on its platform.
A 2015 BroadSoft survey indicates UC’s cloud market share will increase six fold by 2020, when it’s expected to reach 41 percent. The company adds that cloud-based UC is poised to grow by more than seven times in the mid-market arena.
And more than 70 percent of respondents to a recent survey conducted by IntelliCom and unified communications indicated they are now actively using public cloud-based UC services to some degree. Meanwhile, 26 percent said they are using them broadly across their organization. Compared to a similar survey a year prior, IntelliCom’s Frank Stinson said that these new survey results indicate broad public cloud deployments have expanded significantly while exclusively premises-based solutions are eroding.