Mergers and Acquistions News
Categories: IT Services & Consulting
November 4th 2009, 16:45PM
Business intelligence software firm InferX has completed a merger with consulting and services company The Irus Group, creating a new entity that will continue to be known as InferX.
The merger has begun to introduce InferX technology and solutions to a wider base of opportunities, including MasterCard, JP Morgan Chase and the US Navy, Army and Air Force.
"We have used the last several months to introduce our solutions to the Irus Group customer base, which includes Fortune 500 companies with critical operational requirements, thus providing a new customer base for InferX solutions," commented BK Gogia, executive chairman and founder of InferX.
It is expecting an increase in revenues and profits in 2010 due to its new management team and execution strategy on delivering measurable value to Irus clients.
The Irus Group recently won two contracts to implement the IBM Cognos TM1 financial performance management solution at US Navy locations.
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