Datamatics Global Services Ltd. signed a definitive agreement to acquire a controlling stake in TechJini, a boutique mobile and web application development company, headquartered in Bangalore. The objective of this acquisition is to further strengthen Datamatics’ mobility offerings through TechJini’s range of smart technology solutions.
TechJini is a leading software services company with a presence in the U.S., and has a specialized focus on digital experiences and mobile-based web application development and maintenance services. With 250 employees, TechJini caters to over 35 companies across business verticals such as media, engineering, manufacturing and start-ups. TechJini is one of the first 13 companies in the world to be certified under the Google Developer Agency Program.
Speaking on this occasion, Rahul Kanodia, Vice Chairman and CEO said, “Enterprise mobility has gained significant momentum with companies adopting ‘mobile first’ as a core strategy for their business and cloud platforms. We are happy to partner with TechJini, as it will further enhance our service in the mobility space and create a niche that will help us gain a competitive advantage. Going forward, I foresee greater demand and growth in device centric businesses including IoT, mobility and self-service kiosks among others.”
“Apart from further strengthening our presence in Bangalore, this acquisition reinforces our focus on mobility solutions which is a rapidly growing market. I am confident that with the team’s extensive technical background, we will be able to jointly tap more opportunities in newer market segments,” added Rahul.
Commenting on the development, Shyamal Mehta and Amit Rana, Founders, TechJini said, “We are very excited to join hands with Datamatics. Given their legacy, global presence and resources, our clients will reap more benefits from this alliance and help us expand our reach to large global customers in USA and Europe. We firmly believe that this union will significantly enhance our capabilities and allow us to provide a wider array of integrated services to our clients.”
Samvad Partners, Strata Consulting, and Nicety Management Consulting acted as advisors to the parties on this transaction.