Response Informatics has received approval from board of directors for acquisition of stake in Accubits Technologies. The objective of acquisition is to diversify revenue streams of company and move into different markets or industries to reduce dependence on its core business.
This acquisition can provide an entry point into new markets or customer segments, allowing the acquiring company to broaden its geographic reach. The said acquisition can help the acquirer gain advanced technologies, innovative processes, or valuable expertise that may be leveraged for future business transformation. It can foster innovation by injecting fresh perspectives, different business models, and new ideas, encouraging experimentation. The cost of acquisition is Rs 4.93 crore. The Board of Directors of the company in its meeting held on November 30, 2024 has considered and approved the same.
Incorporated in 1996, Response Informatics is a globally established Software Development, technology consulting and IT Services company.
