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GSS Infotech to acquire Nexii Labs Inc, USA

Capital Market 

To strengthen its capability in area of automation for Cloud and Infrastructure Management Practice

GSS Infotech Inc., the wholly owned subsidiary of GSS Infotech has signed the Share Purchase Agreement for acquiring 100% shares of Nexii Labs Inc, USA on 12 October, 2018. Nexii Labs Inc., shall become a wholly owned step-down subsidiary of the Company. <> Nexii Labs adds a strong capability in the area of Automation for GSS's existing Cloud and Infrastructure Management Practice. Adding this service portfolio, will make GSS more relevant to its customers. Nexii has some of the fortune 500 companies as its customers with revenues of about USD 1.8 Million for FY 2018.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, October 15 2018. 16:18 IST