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Bangalore-based IT outsourcing firm Acropetal Technologies has signed definitive agreements to acquire two US-based companies – LineBeyondInc and Optech Consulting – for $4.9 million each.
LineBeyond is valued at $5 million and Optech is valued at $7 million. Acropetal Technologies will acquire 100 per cent of LineBeyond and 70 per cent of Optech Consulting.
These acquisitions will expand Acropetal's addressable market and growth potential and broaden the solutions Acropetal provides to the rapidly growing healthcare IT market, said a release.
Mr Ravi Kumar, CMD, Acropetal Technologies Ltd, said: “LineBeyond is a critical acquisition with its strong suite of products and market reach that will enhance our presence in US healthcare markets. Optech is perfectly placed for providing cutting-edge solutions that cater to the needs of multiple industries.”
Headquartered in the Bay Area, LineBeyond provides IT outsourced development services and specialise in healthcare solutions and consulting services.
Optech Consulting is headquartered in Dallas and offers IT solutions and services. It also offers IT solutions to the healthcare vertical.
Acropetal Technologies recently listed on the NSE and the BSE.
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