IT firm Infotech Enterprises today said it will acquire US-based Softential, a move aimed at strengthening its telecom and enterprise solutions portfolio.
The financial details were not disclosed.
Under the all cash transaction, Infotech's wholly owned subsidiary, Infotech Enterprises America will acquire Virginia US)-headquartered Softential, which offers service management and service assurance solutions for telecommunications and cable operators, enterprise customers and the public sector.
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"Softential will fit very well in the Infotech family. I strongly believe that the combined entity will be very attractive to both companies' existing customers," Infotech Enterprises President and Business Unit Head (Telecom and Utilities) John Renard said in a statement.
The acquisition will strengthens Infotech's telecom business unit by adding 140 skilled global resources.
"This alliance creates a scalable platform for enhancing strategic value and provides an opportunity for cross- pollinating offerings across the combined customer base," Softential President Srinivas Tipirneni said.
