California Software Company (Calsoft) has received an approval for signing of Memorandum of Understanding (MoU) to acquire a majority stake in UAE based Solutions MiddleEast DMCC (SME), established in 1996 and providing Virtualization, Mobility, Networking for Datacenter, Networking for Apps and Mobile Security in the Middle East and Asia region including GCC countries like UAE, Qatar, Oman, Saudi Arabia, Africa and India. The Board of the company at its meeting held on May 02, 2018, approved the same.
This acquisition makes Calsoft as global leadership in the space of software development, digital and security solutions. Consideration for the acquisition might be in cash or share or combination of both and thereby making SME as Calsoft’s subsidiary.
California Software Company is a global Product Engineering and Enterprise Solutions company with a strong background in development and implementation.
