IT services provider Infogain announced its deal to acquire Blue Star Infotech’s IT operations.
Financial details were not disclosed.
The acquisition will expand Infogain’s digital offerings, particularly in the areas of Cloud, mobility, SAP and analytics.
In addition to the increase in capabilities in the travel / hospitality, high-tech and healthcare verticals, Infogain will also add capabilities in the areas of product engineering and test automation.
Infogain focuses on the US, Europe, the Middle East, Asia Pacific and Indian markets. The company has more than doubled its revenue over the past four years.
This acquisition will enable Infogain to expand its services portfolio to support current customers, strengthen existing retail, insurance and high-tech verticals, and enter into new verticals such as travel and hospitality.
The combined entity will have revenue of over $150 million, close to 4,000 employees and eight delivery locations globally.
“This acquisition is another achievement toward our vision of transforming Infogain into a much larger IT services player delivering innovation and outstanding value to our clients,” said Kapil Nanda, president and CEO of Infogain.
Kapil Nanda, president and CEO of Infogain, will continue in this role.
Sunil Bhatia will join Infogain’s management team as its CEO designate, and will assume his new responsibilities as CEO of the combined entity on July 1, 2016. At that time, Kapil Nanda will transition to his role as executive chairman.