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Datamatics to acquire Vista Infosystems

Posted: 21 Jun 2011     Print Version  Bookmark and Share

Keywords:acquisition  Embedded systems  agreement 

Datamatics Software Services Ltd has signed a definitive agreement to acquire a controlling stake in Vista Infosystems, an unlisted company specialising in the Embedded Systems space, to strengthen its focus on Engineering and Embedded Systems space.

Bangalore headquartered Vista Infosystems is said to have a significant presence in the captive space and caters to the delivery centres of 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 Rahul Kanodia, vice chairman and CEO, Datamatics Global Services Ltd.

"Apart from strengthening our presence in Bangalore, this partnership reinforces company's focus on Engineering and 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 Kanodia.

"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," said N. K. Varma, managing director, Vista Infosystems, who will continue to lead the Vista operations for Datamatics.

Nova Capital Advisors acted as sole strategic and financial advisors for Datamatics on this transaction.





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