Gateway TechnoLabs announces merger with NINtec

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Ahmedabad, Oct 9 (UNI) Ahmedabad-based Gateway TechnoLabs today announced merger with NINtec B.V of Netherlands.

''It is a significant step towards further consolidation of our business and services in Europe, while gaining a firm foothold in Benelux (Belgium, Netherlands&Luxembourg),'' said company managing director Niraj Gemawat.

Addressing mediapersons here today, Mr Gemawat said, ''Gateway TechnoLabs is one of the few mid-size technology companies from India to venture into non-English speaking countries of the European Union. Today Gateway TechnoLabs does over 50 per cent of its business from these markets and the rest is from US and other parts of world.'' Mr Gemawat said in recent past, Gateway TechnoLabs had set up JVs in Sweden and Denmark.

NINtec is a Dutch company based in Zoetermeer, The Netherlands, and has offices around the world specialising in software development work utilising global delivery model for clients across the globe.

NINtec is a market leader in Benelux offering technology solutions to its clients for over eight years now, Mr Gemawat said.

NINtec director Vipin Moharir, speaking from Netherlands via video conferencing, said, ''This merger is actually a merger of synergies and strengths of two organisations and professionals.

NINtec is very strategically poised in the European market with major corporates and mid-corporates as long-term clients. Our activities in Business Process Outsourcing (Media) and our products division will bring in added advantage in this merger and allow us to leverage our position in EU.'' ''Gateway's merger with NINtec will open new avenues of employment for IT professionals. We now hope to grow into a 1200 plus organisation by the end of this fiscal year,'' said Gateway TechnoLabs joint managing director Indrajit Mitra.

UNI

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