Aditi Technologies, a leading software product and application development services provider, today announced it has signed an agreement with Infospace, Inc to acquire its Indian subsidiary, Infospace India Software Development, developer of metasearch and online consumer products.
The terms of the transaction have been approved by both Aditi’s and Infospace’s Board of Directors, a company press release said.
Established in 2007, Infospace India is engaged in online product development, software engineering and product testing for INSP’s global product portfolio. Infospace (India) has its development center in Bangalore.
"The acquisition of Infospace aligns well with our focus of establishing an account base of stable and long-term engagements and further highlights the trust that leading software vendors have in our ability to deliver quality products faster”, said Pradeep Rathinam, CEO, Aditi Technologies.
"Infospace is a global technology leader in metasearch products and this acquisition makes them a major strategic client for Aditi Technologies. With this relationship, India has become one of the key markets for us and we will look ahead for more similar opportunities in the market", he said.