Pune, India, October 9, 2014: As part of its global expansion, Nihilent Technologies, a global consulting and solutions integrations company has announced its acquisition of GNet Group LLC (www.gnetgroup.com) , a leading US based services and solutions company specializing in business intelligence and collaboration and content, for an undisclosed amount. An agreement has been reached between the companies wherein Nihilent will acquire full ownership of GNet Group.
GNet Group is a Minneapolis headquartered company, with operations in Midwestern and South Central United States, and has deep expertise in business intelligence services, SharePoint and application development.
“We are excited for the opportunities that this acquisition brings both Nihilent and GNet Group’s customers,” said L.C. Singh, Vice-Chairman and CEO of Nihilent. “This acquisition is a result of GNet Group’s profitability and growth, and its extensive expertise in the business intelligence and analytics space.”
Nihilent, with a 14 year track record of delivering cutting edge change management solutions to global businesses across verticals, will now be able to enhance its expertise in business intelligence and software application development, especially in the American region.
“This acquisition is important and essential to Nihilent,” said Minoo Dastur, President and COO of Nihilent. “We have already begun integration operations, which speaks of the critical nature of this association. This is a great opportunity for Nihilent to expand into America. Also, our relationship with Microsoft, through expertise in deploying their CRM and AX solutions will position us to hit the ground running.”
“We are pleased that we were able to complete this transaction with Nihilent so smoothly,” said Venkat Kavasseri, CEO of GNet Group. “We look forward to continued growth and success, leveraging Nihilent’s global scalability and additional offerings.”