Saturday, February 16, 2013

Mexican IT company Softtek acquires Indian software firm

This is the first time that a Latin American IT company has acquired an Indian software firm to make entry into India. So far it was the other way. The Indian companies have acquired and established operations in Latin America employing 20,000 Latin Americans.

Softtek, the Mexican IT firm has now acquired an Indian software company Systech Integrators, founded by Indian Americans and headquartered in San Jose, California with centers in India and US. Systech specializes in SAP solutions and services.

Softtek employs 8000 staff and operates in 30 countries including in India and China.

Another point of interest - Gabriel Rozman, the Executive Vice President of TCS and who established TCS in Latin America was the CEO of Softtek in 2000 before joining TCS in 2001.

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