AB Minacs buys tech solutions firm Radifinity

Bangalore: Aditya Birla Minacs, the BPO firm which is a part of the AV Birla Group, has acquired the Bangalore based technology solutions provider Radifinity, reports Economic Times.

Incubated at the NS Raghavan Centre for Entrepreneurial Learning (NSRCEL), IIM-Bangalore, Radifinity provides technology solutions in areas such as radio frequency identification, smart cards, GPS and GPRS. The value of the acquisition is not yet known.

A spokesperson for Aditya Birla Minacs in an e-mail response told Economic Times, "We have not acquired Radifinity. However, as part of our ongoing focus on building our IT capabilities and talent base, Minacs has hired some key people from the company."

According to sources, Radifinity would remain as promoter of the company, following the acquisition by Aditya Birla Minacs, and would operate as a separate entity.