Cloud solutions company 8K Miles Software Solutions has acquired California-based Cintel Sytems Inc, the company said on Wednesday. The deal size is $3.75 million and is a combination of cash and stock, the company said.
Cintel Systems is a user interface (UI) and user experience (UX) design and development services company.
The 8K Miles stock jumped nearly 6 per cent to Rs 745, after the company announced the acquisition.
At 12:39 pm, the stock was up nearly 3 per cent at Rs 723.05, outperforming the broader Nifty and the Sensex which were trading flat.
"Cintel is a profitable company and in the next 12-18 months it will add to both our topline and bottomline," Suresh Venkatachari, chairman, 8K Miles told NDTV. (Watch)
The acquisition expands the mobile competency of the company's cloud offering and helps it gain access to Cintel's enterprise clients and add over 70 Mobile, UI & UX experts in the US, 8K Miles said.
Cloud solutions company 8K Miles Software Solutions has acquired California-based Cintel Sytems Inc, the company said on Wednesday. The deal size is $3.75 million and is a combination of cash and stock, the company said.
Cintel Systems is a user interface (UI) and user experience (UX) design and development services company.
The 8K Miles stock jumped nearly 6 per cent to Rs 745, after the company announced the acquisition.
At 12:39 pm, the stock was up nearly 3 per cent at Rs 723.05, outperforming the broader Nifty and the Sensex which were trading flat.
"Cintel is a profitable company and in the next 12-18 months it will add to both our topline and bottomline," Suresh Venkatachari, chairman, 8K Miles told NDTV. (Watch)
The acquisition expands the mobile competency of the company's cloud offering and helps it gain access to Cintel's enterprise clients and add over 70 Mobile, UI & UX experts in the US, 8K Miles said.
Cloud solutions company 8K Miles Software Solutions has acquired California-based Cintel Sytems Inc, the company said on Wednesday. The deal size is $3.75 million and is a combination of cash and stock, the company said.
Cintel Systems is a user interface (UI) and user experience (UX) design and development services company.
The 8K Miles stock jumped nearly 6 per cent to Rs 745, after the company announced the acquisition.
At 12:39 pm, the stock was up nearly 3 per cent at Rs 723.05, outperforming the broader Nifty and the Sensex which were trading flat.
"Cintel is a profitable company and in the next 12-18 months it will add to both our topline and bottomline," Suresh Venkatachari, chairman, 8K Miles told NDTV. (Watch)
The acquisition expands the mobile competency of the company's cloud offering and helps it gain access to Cintel's enterprise clients and add over 70 Mobile, UI & UX experts in the US, 8K Miles said.
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