Mastek Ltd.

BSE: 523704 | NSE: MASTEK
Small Cap | IT - Software
2190.00
90.00 (4.29%)
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Mastek’s arm acquires US-based company ‘TAISTech’

Date: 06-01-2017

Mastek’s wholly owned subsidiary Digility Inc. has acquired of US-based leading digital commerce solution provider, TAISTech. This acquisition will create a platform for Mastek’s accelerated growth in the US market and will augment company’s 2020 vision to be a global leader in digital transformation services.

TAISTech is a digital commerce services leader that provides strategic consulting, large-scale commerce implementations and support for the Oracle Commerce and Oracle Commerce Cloud applications.  TAISTech, with revenues close to $30M, has posted steady growth of 15% CAGR over the past four years in the US market and has been exploring aggressive expansion plans into LATAM and Europe.

Mastek together with its subsidiaries, provides enterprise technology solutions and platforms for insurance, government, and financial services organizations worldwide. The company architects, designs, develops, integrates, and maintains strategic applications at customers’ end with a focus on the insurance and government sectors.