About
ITVert Technologies, Inc. is a global outsourced IT services provider, focused around digital-led transformation for Property & Casualty Insurance, Financial Services and select other verticals
Experiments, practice, skills
Experience
Based on your needs, budgets and the preferred engagement model, ITVert can deliver 24x7 coverage for application portfolios.
ITVert's expertise spans Microsoft Technologies, J2EE, Java, Open Source and several other platforms, databases, languages, software, and enterprise applications.
Business transformation through high techOur Benefits
Our qualified offshore software support team delivers application maintenance and enhancement services that provide immediate business value to your organization:
Frees up your valuable IT staff and other resources for more strategic, core initiatives
Brings best-of-breed technology solution and skilled maintenance experts to the task
Significant reduction of ongoing software maintenance costs
Lowered risks and increased predictability
Improved knowledge management with tool based reverse engineering
Full software portfolio optimization
Cost variability for cyclical businesses
Ongoing alignment with industry trends
Why choose ITVert Technologies?
Our service-centric delivery platform helps companies such as yours concentrate on your core business, not the IT. ITVert Technologies guarantees access and control of your infrastructure, real-time data transparency, operational and business systems data on-demand.
ITVert Technologies primary focus is to provide redundant connections to a range of network carriers worldwide. Through this, we ensure reliability and uptime along with the lowest possible latency and highest possible throughput to Europe, North America, Asia, and Australia.
Accreditations
ISO 27001:2013
Security
24 x 7 x 365 data and onsite security Two-factor authentication Biometric and card access
CCTV monitoring
Power
13MVA in each of our redundant datacenters Redundant diesel generation UPS across colocation centers
Environment–cautious
Cooling redundancy N+1 Fire suppression Connectivity Fully redundant native 10GE network with Top10 Tier1 world carriers
Client Services Pledge
It is not enough for us just to be exceptional software engineering and IT services experts, who deliver technology solutions to your business. We know we have to move as quickly as your business moves, predicting and adapting new technology trends. We have to communicate clearly and deliver even on the strictest SLA. We have to be sensitive, dynamic and responsive to your needs. And yes, in order to achieve all this, we need to understand your business as well as we understand our own. Here is our pledge to you.
Fairness and predictability
We understand the importance of cost savings, so we charge a fair price for the services you need. We only employ the right people, and the right number of people. We will let you know when we are not the right choice for a specific technology demand that may be handled in a more cost–effective way through a commoditized, publicly available generic service, and will recommend service outside of our company who can help best, based on your budget.
Communication
Each and every employee of ITVert Technologies will act with a sense of urgency at all times. Even if we are still working on the incident, we will get back to you promptly to let you know the status.
Responsiveness
Each and every employee of ITVert Technologies will act with a sense of urgency at all times. Even if we are still working on the incident, we will get back to you promptly to let you know the status.
Understanding your business
We are committed to become an extension of your IT organization, working in-sync with your team, up-to-speed on your company and your industry. Our team is enthusiastic about our clients and helping their businesses.
Our Team
Ramvilas Sharma
Founding Partner
Ramvilas Sharma is a high–tech executive with over 15 years of experiencein the IT industry and is recognized across the industry as a thought leader. After a very successful 10 yearcareer as an operating executive of the world’s largest IT corporation, since 2015 he is a founding partner at ITVert Technologies, Inc., covering multiple sectors and geographies.
Ramvilas Sharma owns patents around Cloud and Digital. Ramvilas joined ITVert Technologies from CGI Technologies where he was heading Business and Technology Transformation Services.
Before being elevated to CEO, Ramvilas also served as the Chief Operating Officer (COO) at ITVert Technologies, where he managed Global Delivery, Business Development, Advisory, and other enabling functions. He was also responsible for developing ITVertSoft’s global business for the BFSI vertical.
He played an instrumental role in leading the divesture of ITVert’s legacy business and etched a strategy towards focusing on next-generation digital services.
Mr. Devierre was among the key leaders of the Strategic M&A team that was responsible for the acquisition and integration of StepAside!’s business with ITVert’s core business, leading to the birth of a new mid-tier Enterprise Digital and IT Transformation Services public listed company – ITVert Technologies, Inc.
Ramvilas holds a Master's degree from MIT, and is an avid contributor to professional forums through his industry opinion pieces and straight-from-the-heart blogs.
Leela Singh
Founder, CEO
Leela Singh is the founder and COO of ITVert Technologies, Inc. He has over 15 years of experience both as a technician and as a leader in telecommunications and IT markets. He was responsible for IT Security as a group leader of IT Security Division in Manpower Group for USA.
During his years as a senior IT Security consultant in Exar, he was involved in various projects and system implementation tasks for customers within the finance sector, oil industry and the Government in USA and Canada.
His skills as a technician were highly demanded and appreciated in these projects and implementation assignments.
Leela Singh sets the example for his teams how top-level technical expertise and knowledge valued in ITVert Technologies. Leela Singh currently holds several technical and management certifications.
ITVert Technologies to merge with StepAside!, Inc.
ITVert Technologies shareholders to receive $17.8 per share in cash, resulting entity to be privately held – company also reports in-line third quarter preliminary financial results.
Issued by ITVert Technologies
Tampa, FL, 27 Oct 2020 – ITVert Technologies, Inc, a proven IT services provider, today announced that it has entered into an agreement and merged with StepAside! Inc., a global provider of products and services focused on maximizing customer interaction effectiveness.
The transaction is valued at approximately $145.2 million. Under the terms of the merger agreement, ITVert Technologies acquired StepAside! and the combined company will operate under the name of ITVert Technologies, Inc.
Except for certain shares held by certain officers and a director of ITVert Technologies, which will be exchanged for a minority equity interest in the new company, all of ITVert Technologies`s outstanding shares will be purchased for $17.8 per share in cash. This represents a 39% premium to yesterday`s closing price of $13.91 per share.
In addition, ITVert Technologies today announced that based upon its preliminary estimates, it expects to report third quarter total revenue in the range of $26.5 million to $27.2 million and earnings of $0.07 - $0.08 per diluted share on a generally accepted accounting principles basis. The company also estimates that its cash and short-term investments at the end of the third quarter total approximately $28.8 million.
As a result of the merger, ITVert Technologies will strengthen its presence in the global CIM market and provide significant benefits to its worldwide customer base. The combined company will deliver expanded professional services, have increased direct and indirect sales reach, provide a wider array of solutions, and broaden its support infrastructure through centers of excellence throughout the Americas, Europe and Asia Pacific.
Until the completion of the merger, the two companies will continue to operate as independent entities, and both remain committed to supporting and further evolving all of their respective leading CIM solutions pre- and post-transaction completion.
"We believe the merger will have a positive impact on both ITVert Technologies and StepAside!, Inc., as well as on the industry as a whole," said Leela Singh, Founder, ITVertSoft. "The global synergies and services expansion resulting from this merger further solidifies ITVert Technologies`s position in the worldwide IT Services market. In addition, the momentum that ITVert Technologies has shown recently with its new BFSI customers, is evidence that the company is quickly becoming a viable contender in the large and growing P&C Insurance market as well."
Leela Singh, CEO of ITVert Technologies, will remain in that position following the merger. George Landesson, president and chief executive officer of StepAside!, Inc., will assume the role of executive vice-president of worldwide customer support of ITVert Technologies.
"With a broader base of customers and solutions, greater technology expertise, expanded services capabilities and broader geographic reach that will result from the merger, we believe ITVert Technologies will be well positioned to compete against the larger companies in both the offshore and nearshore sectors of the Global IT market," said Ramvilasson.
"I am excited by the prospect of working with the StepAside! Inc. team as their strong performance in their first quarter of operations proves they have world class IT services, first class employees and loyal customers. The knowledge, skills and abilities of our employees from both organizations remain key to our future success. The new company will emerge better equipped to provide customers with the most appropriate services to meet their business needs."
ITVert Technologies`s board of directors unanimously approved the transaction following receipt of the recommendation of a special committee comprised of an independent director of the company. The special committee of the company`s board of directors received the opinion of FL Securities Corporation that the cash consideration to be paid to ITVert Technologies`s stockholders is fair from a financial point of view.
ITVert Technologies`s board of directors unanimously approved the transaction following receipt of the recommendation of a special committee comprised of an independent director of the company. The special committee of the company`s board of directors received the opinion of FL Securities Corporation that the cash consideration to be paid to ITVert Technologies`s stockholders is fair from a financial point of view.
Stockholders will be able to obtain copies of these documents when they become available, along with other documents filed with the SEC, free of charge, through the Web site maintained by the SEC at https://www.sec.gov/.