Kyyba Inc., a large minority-owned technology solutions firm in Farmington Hills, has announced the acquisition of Chicago-area-based Asen. Kyyba has approximately 800 employees worldwide supporting offices in the United States, Canada, Mexico, India, and Belarus.
Founded in 1998, Kyyba provides staffing services, managed services, employment services, and IT project management with staff expertise in a variety of technical disciplines serving leading corporations throughout the world.
Asen, the dba for LG Associates Inc., was founded in 1975 and is a premier professional services firm with national coverage. The company, which is based in Schaumburg, Ill., has experience in the IT, engineering, graphics/creative/marketing, and clinical/medical space where Asen provides strategic staffing to large commercial companies and government agencies.
The acquisition will add more than 80 new employees to Kyyba’s team. Asen’s president, Lana Gertz, will remain and will help employees and clients with a seamless transition.
“We are delighted to add Asen to the Kyyba portfolio of companies. Asen’s proven track record of providing premier professional services complements Kyyba’s existing national and global offerings and supports Kyyba’s continued growth and client offerings,” says Tel Ganesan, founder and chairman of Kyyba.
Ganesan’s brother, Thiru, who serves as president and CEO of Kyyba, says “Asen has long term stable clients in the health care and government sectors, with good revenue growth, and highly skilled employees.
“Asen is a well-known company in the marketplace and is consistently ranked in the top 10 from its major clients. (We) recognized that Asen and its team could further contribute to Kyyba’s reputation and track record as an international leader in technology solutions and workforce management.”
CEO ally, Inc., a tech-focused, mid-market M&A advisory firm in Pittsburgh, acted as the exclusive buy-side advisor to Kyyba Inc. in this acquisition.
For more information, visit Kyyba Inc.