Sasken acquires Integrated SoftTech Solutions
Bangalore, Apr 5 (UNI) Sasken Communication Technologies Ltd (Sasken), a pioneer in telecom R and D outsourcing, today announced the 100 per cent acquisition of Chennai-based Integrated SoftTech Solutions (iSoftTech) valued at 1.45 million US Dollars.
In a release here, Sasken Chairman and CEO Rajiv Mody said ''We see an excellent strategic fitment with Integrated SoftTech operations. It's focus has been on providing embedded and enterprise solutions for customers in the VoIP, WLAN and Networking markets, along with a complete set of product life cycle support services for data networks customers. These are in concurrence with our roadmap, and will further augment our offerings to existing customers.
''It will also help us differentiate our service offerings by leveraging its products including iSoftTechTAS. It's deep domain expertise and skills will also help us make a strong foray into offerings in the datacom domain,'' he added.
The deal meant that Sasken would add a Chennai development centre to its already existing facilities in Bangalore and Pune.
Mr Mody said ''Chennai is growing in popularity as a destination for IT outsourcing, and we are excited about having a development centre there. Integrated SoftTech currently has an 110 plus strong team in Chennai, which will be completely integrated with the Sasken family.'' Commenting on the development, Integrated SoftTech Chairman Ray Stata said ''We are very happy with this recognition to iSoftTech's expertise and the growth opportunities it offers the iSoftTech team. Sasken has been a pioneer in the telecom R and D outsourcing space, and their unique hybrid model is very exciting.'' Mr Modi said a dedicated team had already been identified and it was working on fast and seamless integration between the two companies. ''Deliveries and commitments made to all iSoftTech customers will be met and continued, and there will be no disruption due to the acquisition. Integration efforts will happen in parallel, without any disruptions to the operations,'' he assured.
UNI RG TS1845