Datamatics Software Services has signed a definitive agreement to acquire a controlling stake in Vista Infosystems, an unlisted entity specialising in the Embedded Systems space.
Bangalore based Vista Infosystems has a significant presence in the captive space and caters to the delivery centres of large companies like Honeywell, Samsung, Philips, Visteon, etc. It has domain competency in sectors like automotive, aerospace, telecom, and semiconductors.
“This acquisition supports Datamatics’ current strategy to enter the captive space and increase its operations in the Indian markets. This acquisition is in line with our growth plans for the Indian market”, said Rahul Kanodia - Vice Chairman & CEO, Datamatics Global Services Ltd. “Apart from strengthening our presence in Bangalore, this partnership reinforces company’s focus on Engineering & Embedded Services which is a rapidly growing market,” he added.
N. K. Varma - Managing Director, Vista Infosystems Pvt. Ltd. will continue to lead the Vista operations for Datamatics. “We are excited to join Datamatics. Our combination with Datamatics represents pooling of the expertise of two software service providers focused on quality and knowledge at the delivery end. While our clients will continue to grow, they will also benefit from the breadth and depth of next-generation solutions that Datamatics has to offer,” said Varma commenting on the development.
Updated Date: Feb 02, 2017 23:07:58 IST