• search

Mindteck acquires ISS Consultants Inc

Written by: Staff
|

Bangalore, Apr 4 (UNI) Mindteck, a global IT solutions company, today announced the acquisition of ISS Consultants Inc, a software consulting services company headquartered in Houston, Texas, for an undisclosed amount in an all-cash deal.

ISS provided outsourced software services in SAP implementation and support as well as software development services for embedded systems. It had made a profit of two million Dollars in 2005 on a revenue of 11 million Dollars.

The service offerings of ISS reinforce that of Mindteck while extending Mindteck's market reach and expanding its customer base.

ISS would operate as a subsidiary of Mindteck USA and the executive management of ISS would continue in its current roles, Mindteck said in a release here.

Commenting on the acquisition, Mindteck CEO P A Ananthanarayanan said ''It is yet another step in the execution of Mindteck's growth strategy that combines organic growth with prudent acquisitions that yield profitable operations. While bringing in valuable customer relationships, the acquisition also enhances Mindteck's service capabilities, especially in the SAP services space.'' UNI VK GD GM1638

For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more