MindTree acquires Linc Software

By agencies   |   Thursday, 05 May 2005, 19:30 IST   |    1 Comments
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BANGALORE: MindTree Consulting, an IT Services Company, today announced that it has acquired Bangalore-based Linc Software Services Private Limited to enhance its presence in the application development and maintenance domains for IBM mid-range Systems. Founded in 1988, Linc Software focuses on the areas of application development and maintenance, ERP product support and Web development. The Bangalore-headquartered company has over 220 employees and offices in the U.S.A., U.K., Singapore, Switzerland and Australia. Linc specializes in offering software services to manufacturing and, banking and insurance sectors. Linc Software has strong skills in technologies that include all iSeries technologies, LANSA, BPCS, WebSphere, AS/SET, Domino Notes etc. The company has Fortune 500 customers such as Conagra Foods, Unilever, Atlas Copco, Emerson Group, Novartis and Viacom. “There is a large installed base of IBM iSeries (formerly AS/400) systems and a strong demand for application development and maintenance on these platforms, the world over. As an important component of our growth strategy, the acquisition of Linc Software will enable MindTree to strengthen its capabilities in this space,” said MindTree Consulting President and Chief Executive Officer, IT Services, Krishnakumar Natarajan. “Linc will gain significantly from the integration and leverage its practices rapidly. The practice will have a wider canvass of customers to address - Cendant, Franklin Templeton, GE, Volvo, Emirates Airlines, Unilever and other long-standing customers of MindTree. The employees will benefit from the strong value-based culture of MindTree that makes it one of the Best Employers in India. Linc’s existing customers will benefit from the wider range of services offered by MindTree that is world-class in quality,” said Linc Software Chairman and Chief Executive Officer Chandra Kumar. “Our strategy is to grow significantly ahead of the market by offering our existing and potential customers a wider portfolio of services. The acquisition of Linc and that of ASAP Solutions last year, is an integral part of this strategy,” said MindTree Consulting Chairman and Managing Director Ashok Soota. MAPE Advisory Group and Avendus Advisors were investment bankers to this transaction.