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

15 Oct 2018

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.


Related GSS Infotech Ltd. Links:

GSS Infotech Share Price

39.60 0.80 (2.06%) Oct 27, 11:15
1 Year Price Chart
Peers
Company Name CMP
TCS 2658.25
Infosys 1088.50
HCL Tech. 841.95
Wipro 333.25
Tech Mahindra 821.95
View more..
Sensex vs GSS Infotech
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback