Advertisment

CTE acquires Bangalore-based Q-Soft

author-image
CIOL Bureau
Updated On
New Update

BANGALORE, INDIA: Cambridge Technology Enterprises (CTE) today announced that it has entered into an acquisition agreement with Bangalore-based Q-Soft Systems & Solutions.

Advertisment

The floor price of the acquisition has been fixed at Rs 13 crores.

This is the third consecutive acquisition in this year by CTE as it has earlier acquired ComCreation and Reilly & Associates.

A provider of Oracle-based solutions and services, Q-Soft is an Oralcle-certified partner and offers database services, network management services, middle-tier management and custom software development of ERP solutions.

Advertisment

CTE serves midsize market of enterprises and the midsize units of Global 2000 enterprises across the spectrum of business industries.

According to company officials the acquisition would bring in additional revenue in the ERP segment to CTE for the current financial year 2008.

© CyberMedia News

tech-news