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Mergers & Acquisitions | 21 March 2016

Indus Net Technologies acquires InFluxERP

by Ritika Singh
Indus Net Technologies acquires InFluxERP
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Indus Net Technologies, a Kolkata-based web counseling organization, has procured ERP arrangements supplier, InFluxERP, in a cash and stock deal for an undisclosed sum. Under the arrangement, the Influx group will join Indus Net Technologies Banking, Financial Services, and Insurance (INT BFSI) group.

InFluxERP was established in 2009 by Binay Das and Bharat Berlia. The organization was occupied with the matter of business and dispersion of budgetary items that included common assets, protection of life and non-life, stocks, subordinates, wares, purchaser account and so forth.

This deal has been done to reinforce the BFSI capacities and is in accordance with the organization's development procedure. This will also help Indus Net Technologies to convey the inventive computerized ability to the conventional back office answer for stock representatives. Through this deal, Indus Net Technologies has arrangements to make InFluxERP a pioneer in the back office vertical and later extend the item to alternate verticals too.

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