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Stage

Acquired | Acquired

About SpectrumIT

SpectrumIT is an engineering company.

SpectrumIT Headquarter Location

Malaysia

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Latest SpectrumIT News

India Dealbook: Hero Electronix buys Malaysia’s SpectrumIT; NEST Education raises funding

Aug 30, 2017

India Dealbook: Hero Electronix buys Malaysia’s SpectrumIT; NEST Education raises funding Photo: Reuters Bhawna Gupta August 29, 2017 Hero Electronix has acquired Malaysian firm Spectrum Integrated Technologies (SpectrumIT) and the test lab business of Singapore’s Lynxemi Pte. Also, NEST Education Support and Training Pvt Ltd has raised Rs 4 crore ($625k) in funding. Hero Electronix buys SpectrumIT, Lynxemi’s test labs Hero Electronix , a part of $5 billion Hero group, has acquired Malaysian firm Spectrum Integrated Technologies (SpectrumIT) and test lab business of Singapore’s Lynxemi Pte for an undisclosed amount. The acquisitions were made through engineering services provider Tessolve, a Hero Electronix Venture, the company announced on Tuesday. The acquisitions will add to Tessolve’s strategic capabilities to support its customers. Lynxemi further pushes the cause of the company towards its goal of driving India to be a future hub for manufacturing of electronic systems, the company said. NEST education raises $625k from Michael & Susan Dell Foundation, Anand Mahindra Naandi Education Support and Training Pvt. Ltd (NEST) has raised Rs 4 crore ($625k) in follow-on funding from Michael and Susan Dell Foundation and Mahindra Group chairman Anand Mahindra. The company will use the funding to widen its outreach programs and achieve the goal of educating 100,000 students by financial year 2022. NEST operates two learning centres under the brand Alphabyte – The Learning Terminal. It works on a unique ‘Tech-N-Brick’ education model. Also Read:

  • What is SpectrumIT's latest funding round?

    SpectrumIT's latest funding round is Acquired.

  • Who are the investors of SpectrumIT?

    Investors of SpectrumIT include Hero Electronix.

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