After a long hibernation of acquiring ControlNet India, a 100% subsidiary of Campbell, CA based ControlNet Inc., for approximately US $ 2 Million (Rs. 9 crores)in the year 2005, Persistent Systems, a outsourced software product development services provider, today announced the acquisition of assets of the Indian arm of Metrikus Inc, USA. Through this acquisition, Persistent Systems and Metrikus Inc have entered into a revenue sharing agreement to jointly market business intelligence solutions.
All of Metrikus India's employees are now part of Persistent Systems family. The acquisition has enabled Persistent Systems to establish a foothold in Hyderabad.
Anand Deshpande, MD & CEO, Persistent Systems quoted: “This acquisition brings on board BI solutions expertise and a development centre in Hyderabad.”
All of Metrikus India's employees are now part of Persistent Systems family. The acquisition has enabled Persistent Systems to establish a foothold in Hyderabad.
Anand Deshpande, MD & CEO, Persistent Systems quoted: “This acquisition brings on board BI solutions expertise and a development centre in Hyderabad.”
No comments:
Post a Comment