Chennai-based Saksoft has acquired 51 percent stake in 360Logica. Saksoft’s shares soared by 15% after the acquisition. However the financial details of the deal were not disclosed.
Founded by Mohammed Asad Khan and Rohit Kumar Singh, 360Logica provides independent testing services and QA consulting for all types of businesses, domains, and technology. With most of its customers in US and UK, its client base include companies like Cisco, adept, Forbes, and Algoworks.
Saksoft provides information management solutions across the world by helping clients to consolidate, organize, and manage the vast volumes of data they collect. It provides access to accurate, relevant, and high quality information and empowers users to make key decisions and implement strategies for making their organizations more successful.
“We are very excited with this investment and believe that our focus on information management combined with their expertise in independent testing will enable us to further leverage our capabilities as a niche technology services provider,” said Aditya Krishna, CEO, Saksoft.