Announced
Completed
Financials
Tags
India
software product engineering
Digital Services
Acquisition
Majority
Cross Border
Private
Completed
Friendly
Single Bidder
Synopsis
Ascendion, a provider of software engineering services, completed the acquisition of Nitor Infotech, a software product engineering company. Financial terms were not disclosed. "Ascendion's acquisition of Nitor Infotech is our latest step as a leader in using the power of software to drive client productivity and growth. Nitor Infotech is a natural fit with Ascendion because we are aligned around software engineering, real-world generative AI solutions, and digital innovation. Both companies have engineering in our DNA, a strong focus on innovation related to AI, and a relentless focus on client allyship. Coming together strengthens our engineering power, unlocks new markets and talent pools, and grows our capabilities in serving software product-focused companies," Karthik Krishnamurthy, Ascendion CEO.
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