Cambridge Technology Enterprises has completed acquisition of 100% of shares/voting rights of Appshark Software, Inc on January 23, 2024. With this, Appshark Software, Inc is 100% wholly owned subsidiary of the company with effect from January 23, 2024. Cost of acquisition is Rs 42.16 crore. The proposed acquisition is in line with the long-term outlook of the company in venturing in the IT space across geographical areas.
Cambridge Technology Enterprises (CTEL) is a global technology services and outsourcing company dedicated to serving the midsize market of enterprises and the midsize units of Global 2000 enterprises across the spectrum of business industries.