US-based NetObjex acquires India\'s Serventire Global
Wednesday, 29 August 2018, 17:05 IST
US-based IT firm NetObjex Inc on Tuesday said it has acquired Serventire Global Pvt Ltd -- a Blockhain solutions provider based in Technopark here.
Serventire Global has a customer base spread across four continents.
"This is coming together of two companies with complimentary skills, technologies and culture," Raghu Bala, Chief Executive Officer, NetObjex, said in a statement.
Georgey Jacob of Serventire Global said this acquisition would provides the company a platform to accomplish bigger goals with a broader reach.
"The market for Distributed Ledger Technology (DLT) is growing rapidly and we believe the combined entity is a formidable global player," added Jacob.
However, further details of the acquisition have not been disclosed.
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