Adroit Infotech Limited to acquire Verso Altima India Pvt Ltd

Adroit Infotech Ltd - A NSE, BSE listed Company, Certified SAP Services Partner Enters into Definitive Share Purchase Agreement with Verso Altima India Private Limited a Mumbai based company.

Key Highlights

- Adroit Infotech Ltd (NSE: ADROITINFO, BSE 532172): The Certified SAP Services Partner Adroit Infotech Ltd has entered into definitive share purchase agreement with Verso Altima India Pvt Ltd. as a part of its inorganic growth strategy, as per a notice sent to the National Stock Exchange and Bombay Stock Exchange.

- This step will enable Adroit Infotech to move closer to its strategic objective to build sustainable organization that remains relevant to the agenda of its clients.

- Verso Altima India Private Limited. is a specialist Telco BSS-OSS Systems Integrator with operations in multiple countries including Canada, APAC, and Africa, with around 100 employees globally. It has technical experts at their Offshore Development Centre in Mumbai. Verso Altima is one of the largest SAP BRIM implementation companies and had created nearly about 70+ use cases. Verso Altima has got an upper edge in TELCO line of Business. Verso Altima also works on IOT, BSS and Analytics domain.

"Adroit's Acquisition of Verso Altima India Pvt Ltd. will help us to leverage our position in the Medium and large Industries segment, and increase our services across US, Canada, Europe, APAC and Middle East" Mr Sudhakiran Reddy, MD, Adroit Infotech Ltd stated.

Verso Altima India Pvt Ltd with extensive knowledge and over two decades of experience in end-to-end telecom, there Business Process Operations are highly valued by the clients. They integrate Cloud applications and support activities like service assurance, service fulfillment, fault monitoring, provisioning, asset management, and billing support for the clients. The applications are also capable to seamlessly integrate client's customer-facing activities such as CRM, call center management etc. The B/OSS expertise includes, Digital Route Mediation Zone, SAP BRIM, SAP Convergent Charging, Our SMEs have years of B/OSS system integration experience with leading equipment providers like Nokia, Ericsson, Huawei, Affirmed, XURA, Cisco, to name a few.

Our strategic objective is to build a sustainable organization that remains relevant to the agenda of our clients, while generating profitable growth for our investors. We will deploy our capital in making selective business acquisitions that augment our expertise, complement our presence in certain market segments and accelerate the execution of our strategies, Mr Sudhakiran Reddy, MD, Adroit Infotech stated.

Shares of Adroit Infotech Limited was last trading in BSE at Rs. 8.97 as compared to the previous close of Rs. 8.97. The total number of shares traded during the day was 265 in over 3 trades.

The stock hit an intraday high of Rs. 8.97 and intraday low of 8.97. The net turnover during the day was Rs. 2377.00.

Source : Equity Bulls

Keywords

AdroitInfotech INE737B01033 Acquisition VersoAltimaIndia SAPBRIMServices