Nexxoft acquires 100% Business of eZeesoft

Nexxoft Infotel Ltd on February 20, 2007 has announced that it has set up base in Mumbai by acquiring the 100% business of Mumbai based software Company eZeesoft (P) Ltd (eZeesoft).

eZeesoft, deals in software consultancy, software manufacturing, designing & development, customized and off-the-shelf ERP, CRM, SCM, B2B and B2C solutions.

Through this acquisition, the Company will not only take over the entire existing business of eZeesoft but will also absorb the current staff strength of 25 besides operating out of the premises of eZeesoft.

Announcing the acquisition Mr. G Dhananjaya Reddy, Director, of the Company said, "Our key strengths are in the manufacturing domain. This acquisition helps us set up base in Mumbai and target a large number of manufacturing industries based in Maharastra and Gujarat".

"eZeesoft has good operational experience in the Manufacturing industry. After taking over the business Nexxoft is poised to grow faster in this sector. We are planning to ramp up the head count to 50 and beyond by March this year in this vertical" added Mr. Reddy.

Source : Equity Bulls

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