Datamatics, NIIT Tech, on acquisition route

Indian infotech majors, have increasingly taken the  global acquisition route to grow and consolidate. In recent weeks, the Information Technology and Knowledge Process Outsourcing (KPO) organization, Datamatics Global Services (DGSL), acquired majority control in CIGNEX Global Holding Corporation, the global leader in commercial Open Source & SAP Connect solutions for over 10 years, having a topline of US$ 22 million.The acquisition came in a year after Datamatics entered into a JV partnership with the company.

It will also benefit Datamatics in increasing its global footprint, with CIGNEX’s presence in markets like San Francisco and Singapore. Domestically, it would reinforce Datamatics’ strategy for establishing base in tier 2 cities through a strong presence in Ahmedabad.CIGNEX brings with it a concrete global client base, viz. Electronic Arts, Medco, Sesame Street, Daiichi Sankyo, Nomura Bank, Singapore Telecom and DBS Bank.

This week, global IT solutions organization NIIT Technologies, announced the acquisition of Proyecta Sistemas de Informacion S.A. (Proyecta), a software services company headquartered in Madrid. The acquisition enables NIIT Technologies to enhance its European footprint with Proyecta’s successful experience in servicing industry leaders in the Travel and Financial Services segments. This coagulates NIIT Technologies front-end capabilities for larger European engagements and provides a gateway to the traditional Spanish speaking countries in Latin America.

Proyecta S.A. with over 100 consultants has deep domain capabilities and proven track record of providing experts and high value added Airlines and Banking consultants in Spain. It has a strong relationship with leading industry players in business intelligence, web and mobility applications.  Aug 17 2011