You are here: Infodrive > The Company > News
News
At a glance
Achieving relevance, giving audiences the news they want and find interesting, is an increasingly important goal for the company seeking to maintain market share in a rapidly evolving market.
Latest Headline
Xerox signs pact with Info-Drive
Info-Drive buys into Technoprism
Info-drive acquires US firm Co Picks Up 51% Stake In San Jose-Based Technoprism
Info-Drive takes 51% stake in Precision
Info-Drive buys into Technoprism
Info-Drive Software has said that it has bought a majority stake in Technoprism LLC, a leading software solutions firm based in San Jose, California.
ConsiderationInfo-Drive, through its U.S. subsidiary, Info-Drive Software Inc., has taken a 51 per cent stake in Technoprism in an all-cash deal.
The total consideration for the 51 per cent stake is $5.1 million. The enterprise value of the company is $10 million.
Technoprism has been executing turnkey software projects and IP-led business applications development to some of the most recognised technology giants in Silicon Valley over the last nine years of its operation.
The firm, it is claimed, has a deep domain expertise in full lifecycle product development using varied platforms and databases, including Java, Oracle and a variety of middleware tools.
Arif Rahman, Chief Mentor, Info-Drive, said the clients would immensely benefit from Info-Drive’s array of services and offshore service delivery framework.
N. T. Shivkumar, COO, Info-Drive, said that Technoprism’s marquee client portfolio and robust prospect pipeline made it a compelling growth platform for realising the company’s aggressive business plan in North America.
Courtesy: The Hindu
Experienced guidance to the Team on issues of strategy, management, process, and many more.
The core, anchoring the organization effectively
to its goal.