Bangalore: Aditi Technologies, a software product and application development services provider, on Monday announced its agreement with Infospace, Inc. to acquire its Indian subsidiary, Infospace India Software Development.
The terms of transaction have been approved by the board of directors of both Aditi and Infospace, a company statement said.
Established in 2007, Infospace India is engaged in online product development, software engineering and product testing for INSP’s global product portfolio. Infospace India has its development center at Bangalore.
“The acquisition of Infospace aligns well with our focus of establishing an account base of stable and long-term engagements and further highlights the trust that leading software vendors have in our ability to deliver quality products faster,” Aditi Technologies CEO Pradeep Rathinam said.
“Infospace is a global technology leader in metasearch products and this acquisition makes them a major strategic client for Aditi Technologies. With this relationship, India has become one of the key markets for us and we will look ahead for more similar opportunities in the market,” he said.