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Bangalore, December 1, 2004: Mindteck, a leading provider of software services in the field
of embedded technologies and business applications, has acquired Netsys Consulting
Pte. Ltd. Netsys is a privately held company in Singapore that specializes in
ERP and CRM services as well as Web Technologies. The acquisition was made by
Mindteck Singapore Pte. Ltd. on December 1, 2004.
The acquisition
augments Mindteck’s delivery organization and broadens the scope of Mindteck’s
engagements in the APAC region. It is a significant step in Mindteck’s efforts
to expand its service offerings in the business applications space. The acquisition
also adds to the diversified global head count of Mindteck.
“The
acquisition of Netsys advances Mindteck’s strategy of offering process-led
technology services through a global delivery capability,” said P A Ananthanarayanan,
Group CFO of Mindteck. “This acquisition greatly enhances Mindteck’s
competitive position in the Asia Pacific Region and will allow us to capitalize
on the growing demand from customers seeking multiple delivery options for IT
services. This acquisition provides Mindteck with an additional platform to drive
further revenue and profit growth.
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