+
Datamatics acquires Dextara Digital for Rs 143.4 crore
ECONOMY & POLICY

Datamatics acquires Dextara Digital for Rs 143.4 crore

Datamatics Global Services Limited, a prominent IT solutions provider, has set its sights on expanding its foothold in the digital space with its latest move to acquire Dextara Digital, a software development firm. The acquisition marks a significant stride in Datamatics' strategic growth agenda, as it aims to strengthen its capabilities in digital transformation services and enhance its market position.

The deal involves Datamatics acquiring 100% stake in Dextara Digital for a total consideration of Rs 143.4 crore. This acquisition underscores Datamatics' commitment to augmenting its offerings and diversifying its portfolio to meet the evolving needs of its clients in the digital era. By integrating Dextara Digital's expertise and resources, Datamatics seeks to bolster its digital solutions suite, thereby empowering businesses to navigate the complexities of the modern digital landscape more effectively.

Dextara Digital, known for its proficiency in delivering cutting-edge software solutions across various industry verticals, brings a wealth of experience and talent to the table. With a focus on innovation and customer-centricity, Dextara Digital has carved a niche for itself in the competitive IT landscape. The synergy between Datamatics and Dextara Digital is expected to unlock new opportunities for both entities, enabling them to offer comprehensive and innovative digital solutions to a diverse clientele.

The acquisition is poised to deliver mutual benefits, not only in terms of expanded service offerings but also in terms of operational synergies and economies of scale. Datamatics aims to leverage Dextara Digital's domain expertise and technology capabilities to drive sustainable growth and create value for its stakeholders. Moreover, the combined entity is well-positioned to capitalize on emerging trends and capitalize on the growing demand for digital transformation services across industries.

As Datamatics embarks on this transformative journey, fueled by the acquisition of Dextara Digital, it reaffirms its commitment to delivering excellence and driving innovation in the digital ecosystem. With a clear focus on leveraging technology to drive business outcomes, Datamatics is poised to emerge as a formidable player in the digital solutions landscape, offering unparalleled value to its clients worldwide.

Datamatics Global Services Limited, a prominent IT solutions provider, has set its sights on expanding its foothold in the digital space with its latest move to acquire Dextara Digital, a software development firm. The acquisition marks a significant stride in Datamatics' strategic growth agenda, as it aims to strengthen its capabilities in digital transformation services and enhance its market position. The deal involves Datamatics acquiring 100% stake in Dextara Digital for a total consideration of Rs 143.4 crore. This acquisition underscores Datamatics' commitment to augmenting its offerings and diversifying its portfolio to meet the evolving needs of its clients in the digital era. By integrating Dextara Digital's expertise and resources, Datamatics seeks to bolster its digital solutions suite, thereby empowering businesses to navigate the complexities of the modern digital landscape more effectively. Dextara Digital, known for its proficiency in delivering cutting-edge software solutions across various industry verticals, brings a wealth of experience and talent to the table. With a focus on innovation and customer-centricity, Dextara Digital has carved a niche for itself in the competitive IT landscape. The synergy between Datamatics and Dextara Digital is expected to unlock new opportunities for both entities, enabling them to offer comprehensive and innovative digital solutions to a diverse clientele. The acquisition is poised to deliver mutual benefits, not only in terms of expanded service offerings but also in terms of operational synergies and economies of scale. Datamatics aims to leverage Dextara Digital's domain expertise and technology capabilities to drive sustainable growth and create value for its stakeholders. Moreover, the combined entity is well-positioned to capitalize on emerging trends and capitalize on the growing demand for digital transformation services across industries. As Datamatics embarks on this transformative journey, fueled by the acquisition of Dextara Digital, it reaffirms its commitment to delivering excellence and driving innovation in the digital ecosystem. With a clear focus on leveraging technology to drive business outcomes, Datamatics is poised to emerge as a formidable player in the digital solutions landscape, offering unparalleled value to its clients worldwide.

Next Story
Infrastructure Urban

Budget Proposal Aims to Boost Investments

The recent budget proposal has introduced measures designed to promote investments and generate job opportunities across various industries, as reported by the Economic Times. This initiative seeks to stimulate economic activity and strengthen the country's growth trajectory by encouraging both domestic and foreign investments. Key aspects of the proposal include targeted incentives for sectors poised for expansion, such as renewable energy, infrastructure, and technology. The government aims to create a more favorable investment climate by offering tax benefits, subsidies, and streamlined reg..

Next Story
Infrastructure Urban

DGTR Proposes Anti-Dumping Duty on Aluminium

The Directorate General of Trade Remedies (DGTR) has proposed imposing an anti-dumping duty of up to Rs.577 per tonne on aluminium frames imported from China, as reported by the Economic Times. This move aims to address concerns about unfair trade practices and protect the domestic aluminium industry from the adverse effects of low-cost imports. The proposed anti-dumping duty comes in response to allegations that Chinese aluminium frames are being sold in the Indian market at prices below fair market value. Such practices are deemed harmful to domestic manufacturers, potentially leading to ma..

Next Story
Infrastructure Urban

Indian Financial System Resilient Amidst Challenges

The Reserve Bank of India (RBI) Deputy Governor M. Rajeshwar Rao has emphasized the robust nature of the Indian financial system despite global economic headwinds, according to Economic Times. Rao?s comments reflect confidence in the stability and resilience of India's financial sector amidst a backdrop of international economic uncertainties and financial volatility. Rao highlighted that India?s financial system is well-equipped to handle external shocks due to its solid regulatory framework and prudent risk management practices. The country?s banking sector has demonstrated resilience throug..

Talk to us?