Ace Software Exports has successfully acquired a 40% stake in Ace Infoway for a total consideration of Rs 8.60 crore. The company has acquired Ace Infoway in order to add a new growth driver both domestically and globally.
Earlier, the company had successfully acquired a 40% stake in QeCAD Studio LLP (QeCAD) for a total consideration of Rs 1.90 crore.
Ace Software Exports is mainly engaged in the business of creation of Database. The company has been active in catering to the outsourcing needs of publishers and other organizations.