GSS Infotech will acquire Nexii Labs under a 100% share purchase agreement. Nexii Labs products will help GSS bolster its existing Cloud and Infrastructure Management Practice. Nexii has some of the fortune 500 companies as its customers with revenues of about $1.8 million for FY 2018.
The company said that the automation capabilities that Nexii Labs specializes in adds value to GSS when the company offers the services to the clients. “Nexii's expertise in Product/solutions engineering services, IT Infrastructure application, IT Infrastructure Automation and Test Automation will further strengthen the capabilities of GSS. The skill pool that Nexii has creates a competitive advantage in the envisaged automation space,” said technology firm.
GSS Infotech CEO, Bhargav Marepally, said, “Automation is a significant driver in the infrastructure management, cloud and other emerging technologies. Nexii's automation capabilities will power GSS's services and enhance its value proposition to our global customers. We are excited about this acquisition and the opportunity it presents to add value to our customers and employees.”
“We will continue to look for synergetic acquisitions to strengthen our focus on building technology expertise such as blockchain, Machine learning and artificial intelligence and building expertise industry verticals such as healthcare,” he added.