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| Exchange Received Time 02/05/2018 16:24:19 Exchange Disseminated Time 02/05/2018 16:24:24 Time Taken 00:00:05 | | Calsoft board approved the acquisition of UAE based Solutions MiddleEast DMCC (SME,www.solutions-me.com) providing Virtualization, Mobility, Networking for Datacenter, Networking for Apps and Mobile Security in the Middle East and Asia region including GCC countries like UAE, Qatar, Oman, Saudi Arabia, Africa and India. SME expertise in SysTrack from Lakeside, Intuitive BI from OpenText and TruView from Fluke Networks, has 3500 customers across various Banking, Insurance, Telecom, Government, Healthcare and Education verticals. SME has consolidated revenue of 25 million USD as on 31 Dec 2017. This acquisition makes Calsoft as global leadership in the space of software development, digital and security solutions. Consideration for the acquisition might be in cash or share or combination of both and thereby making SME as Calsoft's subsidiary. |
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