NIIT Technologies to acquire WHISHWORKS; sell 89% stake in Esri India

This transaction is expected to add to margin and earnings of NIIT Tech

NIIT Technologies has said it will sell its entire 88.99 per cent in ESRI India Technologies and buy Hyderabad-based WHISHWORKS IT Consulting, an IT services and consulting company specialising in MuleSoft and Big Data techn­ologies. ESRI is a US-based geographic information system-based company, which makes mapping and location-based software products. NIIT Tech had a distribution deal with the firm, which was expiring on March 31. ESRI will now directly manage the distribution of its products in India. The transaction is expec­ted to close within this month.