Re-inforces better focus on Engineering & Embedded Systems space
Datamatics Software Services Limited, domestic subsidiary of Datamatics Global Services Ltd, a Global Information Technology (IT) and Knowledge Process Outsourcing (KPO) organization, today signed a definitive agreement to acquire a controlling stake in Vista Infosystems, an unlisted entity specializing in the Embedded Systems space.
Bangalore-headquartered Vista Infosystems has a significant presence in the captive space and caters to the delivery centres of large companies, like Honeywell, Samsung, Philips, Visteon, etc. It has domain competencies in market segments such as automotive, aerospace, telecom, and semiconductors.
“This acquisition supports Datamatics’ current strategy to enter the captive space and increase its operations in the Indian markets. This acquisition is in line with our growth plans for the Indian market”, said Mr. Rahul Kanodia - Vice Chairman & CEO, Datamatics Global Services Ltd.
“Apart from strengthening our presence in Bangalore, this partnership reinforces company’s focus on Engineering & Embedded Services which is a rapidly growing market. With this service offering Datamatics will be well placed to tap the opportunities in newer market segments with elevated customer value”, added Rahul.
Mr. N. K. Varma - Managing Director, Vista Infosystems Pvt. Ltd. will continue to lead the Vista operations for Datamatics. Commenting on the development, said Mr. Varma, “we are excited to join Datamatics. Our combination with Datamatics represents pooling of the expertise of two software service providers focused on quality and knowledge at the delivery end. While our clients will continue to grow, they will also benefit from the breadth and depth of next-generation solutions that Datamatics has to offer”.
Nova Capital Advisors acted as sole strategic and financial advisors for Datamatics on this transaction.