CTE acquires ComCreation

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CTE acquires ComCreation

CTE spreads its footprints in India & US: Acquires ComCreation

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Cambridge Technology Enterprises , a leading provider of SOA based solutions and Enterprise Transformation applications to mid size enterprises and mid size divisions of Global 2000 enterprises, announced the acquisition of ComCreation, Inc ., a privately held company based in Dallas, Texas, U.S.A, and has its global delivery centre in Bangalore, India for $3.5M(approximately INR 14 Crores).This acquisition provides CTE an excellent opportunity to leverage expertise of ComCreation to further strengthen its SOA competency center and help all their customers in providing SOA based stable, predictable, manageable and secure business/strategic solutions in a highly distributed/dynamically changing business environment.

ComCreation, an ISO 9001:2000 certified company, is a leading provider of outsourced product development services to Independent Software Vendors. It offers services in Mobile Practice, Life Science Practice, Testing and Managed Services.  The company has been growing rapidly at more than 100% Y on Y.

In addition to bringing product development, managed services expertise to CTE, the acquisition reinforces CTE's brand in the extremely competitive IT services domain by enhancing its modular outsourcing infrastructure, team strength and additional global delivery centers in Bangalore.

The acquisition would add many strategic and valuable advantages to our portfolio of technology and services including:

1. Addition of Hi-Tech vertical
2. Increase our current fiscal year revenue (April 07 - March 08) by $5M (INR 20 Crores)
3. Bangalore based Global Delivery Centers

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