A boutique IT consulting and services company called Viithiisys Technologies has reportedly acquired an on-demand application development startup Actiwate.
The particular deal will help the company to expand its product portfolio and list of clients. Based in Chandigarh and founded by Gaurav Saini, Viithiisys didn’t disclose financial details of the deal.
“This acquisition will help us build a robust and experience-oriented product with the potency to give voice to the people in the visitor management platform,” the CEO said.
On the other hand, Actiwate was founded in 2016 and is operated by Delhi-based Partiko Services. The company has developed about 60 software products for various multinational companies as well as startups.
The company claims to be profitable with more than 20 active products. Also, the founder will exit the company after the acquisition and act as an adviser. The acquisition has been basically done to scale up their operations and Viithiisys’ need for an experienced product management team for its visitor management software product Vizitor.
Vizitor enables the companies to keep track of all their guest visitors and maintain secure data analytics of their visitors. The major factor driving the growth of the visitor management software market is the need for paperless administration owing to the ease of maintaining the data.