DealCurry.com : Blue Star Infotech Makes Investment In Activecubes
May 31, 2013
Mergers & Acquisitions | 31 May 2013
Blue Star Infotech Makes Investment In Activecubes
by Paritosh Gajjar
Blue Star Infotech Limited, a software services and solutions provider has made investment in Activecubes Solutions India Pvt. Ltd., a global firm operating in the Decision Management Space, according to BSE filings. With this deal, Blue Star will be able to strengthen its foothold in business intelligence, analytical solutions and mobility which is its key area of focus. Both Blue Star Infotech and Activecubes have a strong presence in the US, with significant areas of synergy and leverage. Incorporated in 2007, Activecubes provides Business Intelligence and Analytical services. Activecubes provides solutions to global clients across financial services, consumer packaged goods, retail, telecom and health care. Its services span key areas like sales, marketing, supply chain, operations, and risk management
Part of the Blue Star Group, Blue Star Infotech caters to the IT and software R&D needs of enterprises globally, and offers a broad spectrum of services ranging from Application Development and Management, Product Engineering, Package Implementation and Testing to new age solutions such as Analytics/Business Intelligence, Mobility and Cloud Computing. The company has operations in USA, Europe, India and Singapore. Last June, Blue Star Infotech acquired Infostack Solutions Pte Ltd in Singapore through its subsidiary Blue Star Infotech (Singapore) Pte. Ltd.
Infostack Solutions Pte Ltd. is a Consulting & IT services firm specializing in providing value chain management solutions and offers expertise in the areas of BFSI, Web Development, ERP, Client Server Technologies and Infrastructure. In this segment, recently Polaris Financial Technology was planning to sell its services unit. Several Indian IT services companies, including HCL Technologies, MahindraSatyam and Infosys as well as engineering conglomerate L&T, have bid for the services business.