INDIA BUSINESS WORLD - FEBRUARY 16th - FEBRUARY 29th - 2008
NIIT BUYS GERMAN IT SERVICES FIRM SOFTEC
IT solutions firm NIIT Technologies has announced the acquisition of Germany-based SofTec GmbH, a specialist in providing IT solutions and services in the airline revenue accounting and operations space. SofTec has over 40 airlines, mainly in Europe, as its clients. “The individual strengths of NIIT Technologies and SofTec are complementary. The acquisition will strengthen our domain leadership to reinforce our position in the travel, transportation and logistics space,” NIIT Technologies CEO Arvind Thakur said. NIIT Technologies has a strong presence in the travel, transportation and logistics domain through its association with industry leaders like British Airways, Sabre, DB Systel, Emirates and SATS.
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