Hyderabad-based GSS Infotech Acquires US-based Cloud Computing Firm Nexiilabs
GSS Infotech Inc., a wholly owned subsidiary of Hyderabad headquartered GSS Infotech Ltd (GSS hereafter), has signed the Share Purchase Agreement for acquiring 100% shares of Nexii Labs Inc, USA. Nexii Labs shall become a wholly owned step-down subsidiary of the Company.
Nexii Labs is a global IT services and cloud computing solution company headquartered in USA with R&D center in India.
Nexiilabs is fifth acquisition of GSS as between 2006 and 2010 the company had acquired four companies – Infospectrum Consulting, System Dynamix, ATEC Group and Veloce — all from the US.
Nexii Labs brings a strong capability in the area of Automation for GSS’s existing Cloud and Infrastructure Management Practice. Adding this capability to the existing service portfolio will make GSS more relevant to its customers. Nexii has some of the fortune 500 companies as its customers with revenues of about USD 1.8 Million for FY 2018. The automations capabilities that Nexii Labs specializes in adds value to GSS when the company offer the services to the clients. Nexii’s expertise in Product/solutions engineering services, IT Infrastructure application, IT Infrastructure Automation and Test Automations will further strengthen the capabilities of GSS. The well-trained skill pool that Nexii has creates a competitive advantage in the envisaged automation space.
GSS Infotech CEO, Bhargav Marepally, said, “Automation is a significant driver in the infrastructure management, cloud and other emerging technologies. Nexii’s automation capabilities will power GSS’s services and enhance its value proposition to our global customers. We are excited about this acquisition and the opportunity it presents to add value to our customers and employees.”
“We will continue to look for synergetic acquisitions to strengthen our focus on building technology expertise such as blockchain, Machine learning and artificial intelligence and building expertise industry verticals such as healthcare,” he added
Headquartered in Hyderabad, GSS Infotech was founded in 1999 by Marepally along with Ramesh Yerramsetti, Late PVRK Prasad, Keerthy Jaya Tilak, Mark Silgardo and Madhukar Sheth. It is is a global IT service provider that delivers services and customized solutions in the areas of Infrastructure Management Services, IT Managed Services and Cloud. GSS over the last 20 years has worked with Fortune 1000 clients in industry verticals in Healthcare, Banking and Financial Services.
Source: IndianWeb2
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