Kellton Tech acquires ProSoft Group for $14 mn

By Mohd Ujaley On Jun 2, 2015

egov, digital india, eGovWatch, NPCI, Unified Payments Interface, UPI, financial inclusion, Raghuram Rajan, Governor, Reserve Bank of India, Nandan Nilekani, Advisor NPCI, Balachandran M., Chairman, A P Hota, MD & CEO, Dilip Asbe, COO, NPCI Mumbai, digital payments, mobile wallet apps, mobile payments, National Payments Corporation of India, digital adalat, e pension, job portal for disableds, International Women's Day, egov, digital india, modi govt initiatiatives, WCD, women and child development ministry, E haat, women entrepreneurs, women in india, Mahila E-Haat, Rail budget 2016, eGovWatch, egov, digital india, indian railways, railways, suresh prabhu, E catering, food indian railway, indian railway train status, indian railway enquiry, indian railway pnr status, indian railway app, indian railway recruitment, indian railway recruitment 2016, indian railway seat availability, indian railway time table, mobile, doordarshan, health apps — Telangana govt launches new ICT Policy 2016 Telangana Chief Minister K Chandrasekhar Rao has launched the Information Technology policy of the state in the presence of several leading personalities of IT and ITES sector. Speaking on the occasion, Rao promised a hassle-free and corruption-free environment in doing business in the state. Along with IT policy, policies on innovation, electronics, image (animation and others) and rural technology centres were also launched. Telangana and Andhra Pradesh Governor E S L Narasimhan, Infosys Co-founder N R Narayana Murthy, T V Mohandas Pai and Niti Ayog member V K Saraswat were among those present at the event. The IT policy document was symbolically brought near the dignitaries by a small robo developed by a city-based firm.

Kellton Tech, a IT services and solutions firm announced acquisition of US-based ProSoft Group, an enterprise solutions and business integration provider, for USD 14 million.

With this move, Kellton Tech, which has been on an acquisition spree for the last few years, expects to notch up revenue of about Rs 500 crore (USD 80 million), a figure somewhat close to its August 2016 target of Rs 600 crore.

The ProSoft Group consists of four companies – Prosoft Technology Group, Cyber-World Solutions, Intellipeople Inc and Prosoft Business Solutions.

“The acquisition is consistent with our larger strategy of expanding our portfolio and geographic reach. By
blending ProSoft”s experience in offering innovative business enterprise solutions with our core technology, Kellton Tech is poised to broaden its penetration, especially in the ERP-EAI domain,” Kellton Tech CEO Karanjit Singh told reporters here.

“Pairing with nbso online casino reviews Kellton Tech will definitely advance our ability to innovate and enhance the value proposition ProSoft delivers to clients,” said Raj Gupta, CEO, ProSoft Group, who will continue to lead the firm.

“We have also been acquiring technologies that provide us deeper capability. Some smaller acquisitions to complete our vision of offering full spectrum of IT services and solutions are still on the cards,” said Niranjan Chintam, Founder and Chairman, Kellton Tech.

Kellton Tech acquires ProSoft Group for $14 mn

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