Add-on Acquisition • Software

Idhasoft Acquires Grey Matter India Technologies Pvt.

On August 1, 2011, Idhasoft acquired software company Grey Matter India Technologies Pvt.

Acquisition Context
  • This is Idhasoft’s 2nd transaction in the Software sector.
  • This is Idhasoft’s 1st transaction in India.

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M&A Deal Summary

Date August 1, 2011
Target Grey Matter India Technologies Pvt.
Sector Software
Buyer(s) Idhasoft
Deal Type Add-on Acquisition

Target Company

Grey Matter India Technologies Pvt.

Mumbai, India
Grey Matter India (GMI) Technologies has, since its inception, pioneered the trend of developing state-of-the-art solutions for the mobile and web arena. It is a global IT services and solutions provider backed by highly skilled employees that help nurture businesses. - See more at: http://www.greymatterindia.com/#sthash.dg2Gq3bW.dpuf
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Buyer Overview 1

Buyer

Idhasoft

Atlanta, Georgia, United States

Category Company
Founded 2006
Sector Software
DESCRIPTION

Idhasoft is an IT services company offering SAP and Oracle products and customized application and consulting services to customers in the United States and India. Idhasoft was founded in 2006 and is based in Atlanta, Georgia.


Deal Context for Buyer #
Overall 2 of 2
Sector: Software 2 of 2
Type: Add-on Acquisition 2 of 2
Country: India 1 of 1
Year: 2011 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-29 Enterpulse

Decatur, Georgia, United States

Enterpulse is a software and services company focused on developing enterprise portal, content management and services infrastructure solutions for our Fortune 1000 and public sector clients.

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