CSS announces 2 acquisitions

BANGALORE, INDIA: CSS Corp., a global provider of technology solutions, today announced it has acquired Glow Networks, a telecommunications services and engineering company providing end-to-end network services, and the remote infrastructure management services (RIMS) business unit of InteQ, a player in On Demand IT Service Management.

“These acquisitions are an important milestone in the growth of CSS Corp, scaling our revenues and adding significant technical capabilities,” said Nick Sharma, CEO of CSS Corp.

“Our customers increasingly seek critical end-to-end solutions to help them manage complex technology environments. The acquisition of two industry leaders positions CSS to be a strong and trusted partner of choice for our customers,” Sharma said.

CSS will add telecommunication and IT convergence services to its offerings through the acquisition of Glow Networks, said a press release.

Based in Richardson, Texas, Glow Networks is a $30 million privately held company that has been consistently ranked amongst the fastest growing companies in North America by Deloitte, the release said.

The company was founded in 2000 and currently has nearly 400 employees in the U.S.

CSS will add 30 customers and partners with the acquisition of the remote infrastructure management services (RIMS) business unit of Boston based InteQ.

InteQ was one of the first companies to launch remote infrastructure management services and has been widely recognized as a pioneer in the field and has made substantial investments in building a robust, proven and scalable monitoring and management service delivery platform that has serviced customers’ infrastructure in over 90 countries, the release further said.

Finvista Advisors Private Ltd served as M&A advisor for CSS Corp for these transactions.