YASH Technologies to acquire SpectraSoft
YASH Technologies, a service provider and outsourcing partner, just announced its acquisition of SpectraSoft Technologies in a recent press release.
This move was done in response to changes in the IT industry, which have consisted of an increased focus on SAP® Rapid Deployment solutions. These are applications that help businesses automate their processes.
Since SpectraSoft works with these types of solutions, YASH sees it as a good fit for the future. The company has a history of working with customers who deal with the life sciences, chemicals and food processing sectors.
"Chemical and process industries have always been strategic focus areas for YASH and the acquisition of the well regarded industry specialist SpectraSoft, aligns well with YASH's vision to capture more market share in the process industry vertical," Manoj Baheti, Founder and CEO of YASH Technologies, said in a statement. "SpectraSoft's deep rooted expertise in specialty chemicals and pharmaceutical verticals will also benefit our customers in other geographies including the overall Asia Pacific, US and European markets."
Once the deal goes through, YASH hopes to boost its software licensing and improve additional services for customers.
"We are excited to be part of the YASH Technologies organization given its tremendous reputation in the SAP ecosystem," Nagaraj Bhargava, CEO of SpectraSoft Technologies, said in a statement. "The competencies, industry leading solutions and IP that we have built as a process vertical specialist, combined with YASH's customer-centric approach and expanding global foot print, will be a compelling combination for existing and new customers of both organizations."
For many businesses, this technology acquisition should mean better service as they seek to expand.