Mergers and Acquistions News
Categories: IT Services & Consulting
November 2nd 2009, 16:50PM
Technology management services company Glodyne Technoserve has announced that its board has approved the merger of project management software firm Compulink Systems.
The move is part of Glodyne Technoserve's expansion of its managed services portfolio, allowing it to take advantage of Compulink's strong intellectual property rights and add new clients to its base.
Compulink is perhaps best known for its Whizible software suite which is used by a number of clients in the manufacturing, IT services and microfinance sectors in India, Asia-Pacific and the US.
"We believe combining Glodyne's expertise in managed services with Compulink’s strong project management deliverables will generate new predictable business models and opportunities for the company," commented Annand Sarnaaik, chairman and managing director of Glodyne Technoserve.
In July, the board of Glodyne Technoserve approved the acquisition of Broadllyne Technologies, a provider of managed application services in the education sector which is headquartered in Mumbai, India.
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