The Mumbai-based IT products company Aftek Infosys, which recently bought a 49 per cent stake in the Germany-based Arexera Information Technologies, is planning to use the acquisition as a vehicle to de-risk its revenue model.
Aftek, which used to earn almost 85 per cent of its revenue from US-based clients till a year ago, has reduced its dependence on the US to 56 per cent.
Simultaneously, its earnings from Europe, which stood at just 11 per cent last year, has grown to around 35 per cent, the company