Mumbai: Tarang Software Technologies, a leading provider of point of sale (PoS) and mobile payment solutions, Thursday announced that it has acquired Saudi Arabia-based software major Intersoft.

Headquartered in Riyadh, Intersoft is a specialised provider of PoS solutions, a fully integrated software package for retailers, and has branches spread all over the Middle East.

Earlier, Intersoft had partnered with Tarang to develop several mobile payment solutions in Saudi Arabia.

Tarang founder and CEO V. Rama Kumar said with this customer acquisition, the company would be able to enter not just into the Middle Eastern market but also the European market.