Bangalore-based Aditi Technologies, a provider of software product and application development services, will acquire Infospace India Software Development Pvt Ltd, the Indian subsidiary of US-based Infospace, Inc.
With the acquisition, which has been agreed to by the boards of both the companies, Aditi will move from being a pure services player to an IP-based software solutions provider.
The financial terms of the acquisition were not disclosed by either company.
Founded in 2007, Bangalore-based Infospace Technologies is a provider of high-quality internet, PHP architecture, software development and integration of services for enterprises globally.
Aditi Technologies is a designer, developer and leverages emerging technologies in the Microsoft and Web 2.0 space.
With offices in Seattle, Boston, Chicago, California, New York, and London, Aditi has over 1,000 employees.
"The acquisition of Infospace aligns well with our focus of establishing an account base of stable and long-term engagements and further highlights the trust that leading software vendors have in our ability to deliver quality products faster," said Pradeep Rathinam, CEO, Aditi Technologies.
"Infospace is a global technology leader in metasearch products and this acquisition makes them a major strategic client for Aditi Technologies. With this relationship, India has become one of the key markets for us and we will look ahead for more similar opportunities in the market," he added.
As part of its engineering business, Aditi offers high-end consulting, technology and application development services to Enterprise clients from cloud to business intelligence on the Microsoft platform.
"The acquisition will fuel Aditi's competency in the growing search practice working with one of the largest ad monetising platforms, a key segment that we are focusing," said Vineet Kumar Arora, managing director, Aditi Technologies.