
Under the agreement, MindSquare has acquired the entire Indian customer base of IGATE, along with its over 400 employees that provide remote and onsite IMS services to Indian customers of the US-based firm, as per a PTI report.
MindSquare Technologies is a group company of Mumbai-based 1neoteric Technology Solutions.
"Apart from the capability of offering end-to-end customer solutions, the deal has also helped us bring on board marque customers,"
These customers include
Though Nair did not tell anything about the deal size, sources said the deal is estimated to be worth about $5 million financed through internal accruals.
Merisis Advisors advised
IGATE had bought India's
Set up in 2012 by industry veterans Balakumar Vijayendran, Sanjay Nayak and Vaishali Bansal, MindSquare offers a range of managed infrastructure services. Earlier this year, it received a strategic investment from 1neoteric and became part of the 1neoteric Group.
(Image: Indiatimes)