Pune-based provider of enterprise resource planning (ERP) and Oracle database administrator Spider Systems Pvt Ltd has been acquired by California-based Infogain Corporation, which is in the business of CRM, ERP, integration and business intelligence solutions and services. With the acquisition of Spider, Infogain has expanded its Oracle ERP business. The amount of the deal was not disclosed by the company.
Commenting on the acquisition, former head of Spider, Rajan Bhatnagar said, “Its a win-win situation for both the companies. Now, clients of both the companies will get a complete ERP solution. The company is planning to focus on the emerging market of retail business in India.”
After the acquisition, the company expects a rise of 15 to 20 per cent in its business. The company caters to Oracle Applications, Peoplesoft, Seibel, Oracle Fusion, as well as Oracle Retail.
Source: Times of India