GSS Infotech’s arm inks agreement to acquire 100% stake in Nexii Labs

15 Oct 2018 Evaluate

GSS Infotech’s wholly owned subsidiary -- GSS Infotech Inc. has signed the share purchase agreement for acquiring 100% shares of Nexii Labs Inc., USA on October 12, 2018. Nexii Labs Inc., shall become a wholly owned step-down subsidiary of the company.

Nexii Labs adds a strong capability in the area of Automation for GSS’s existing Cloud and Infrastructure Management Practice. Adding this 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 $1.8 million for FY 2018.

GSS Infotech is a pioneer in applying innovative, technology-based solutions to common business problems. It specializes in Remote Infrastructure Management Services, Virtualization solutions and Application Management Services.

GSS Infotech Share Price

309.65 2.25 (0.73%)
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