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Deloitte India acquires Tezeva and FaktoryWize from Websym Solutions

These assets will help organisations to harness IoT, big data, cloud, and analytics and enable real-time process management

Deloitte India acquires Tezeva and FaktoryWize from Websym Solutions
POSTED ON May 15, 2023 10:01 PM

Deloitte Touche Tohmatsu India LLP (Deloitte India) has acquired two flagship assets, Tezeva and FaktoryWize, from Websym Solutions , a Pune-based technology start-up that specialises in data-driven solutions and services. 

By acquiring the assets, Deloitte India has expanded its existing portfolio of services and claimed to strengthen its ability to offer end-to-end advice, implement, and operate solutions to manufacturers, industrial and consumer OEMs and smart city/smart utilities deployments.

These assets will help organisations to harness IoT, big data, cloud, and analytics and enable real-time process management. Additionally, they will provide actionable analytics to enhance productivity, improve efficiency, boost operational visibility, and enforce process compliance.

"We are thrilled to announce the acquisitions as they present an excellent opportunity for us to enhance our expertise in an Industry 4.0 era where data-driven solutions are in high demand across multiple industries, driving efficiency, ease, and productivity," said Romal Shetty, Chief Executive Officer, Deloitte South Asia. 

"This is a significant milestone for Deloitte India, as it marks our first acquisition of this nature in India. As supply chains realign and progressive policies such as PLI schemes draw in manufacturers, India is gearing up to become a 'smart factory' for the world, and our acquisition is, therefore, timely," he added. 

"The acquisition will allow us to access a broader market, drive innovation, and establish a strong presence in the marketplace. We welcome the co-founders of Websym Solutions, Ashish Nene, Subramhanya Hathwar, and Shripad Shingne, along with their product development and implementation team, to Deloitte India. We are excited to leverage their expertise and work closely with our clients to drive growth”, said Sathish Gopalaiah, president-consulting, Deloitte South Asia.

Over the next two-three years, Deloitte India will continue to develop its capabilities and build a comprehensive suite of offerings in the smart operations space to meet client needs.

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