Nihilent Technologies has announced the acquisition of GNet Group, a U.S.-based services and solutions provider specializing in business intelligence and Microsoft SharePoint.
The company has not disclosed the financial details of the transaction, in which Nihilent will acquire full ownership of GNet Group.
Headquartered in Minneapolis, GNet Group has expertise in business intelligence services, SharePoint and application development.
“We are excited for the opportunities that this acquisition brings both Nihilent and GNet Group’s customers,” said L.C. Singh, vice-chairman and CEO of Nihilent. “This acquisition is a result of GNet Group’s profitability and growth, and its extensive expertise in the business intelligence and analytics space.”
The acquisition will expand Nihilent’s reach globally and will help enhance its expertise in business intelligence and software application development, especially in the American region. It will also help improve the company’s relationship with Microsoft and position them to compete in the market.
“We are pleased that we were able to complete this transaction with Nihilent so smoothly,” said Venkat Kavasseri, CEO of GNet Group. “We look forward to continued growth and success, leveraging Nihilent’s global scalability and additional offerings.”