Six-year-old Netkraft has a workforce of 350 and is expected to become part of eight-year-old privately held Adea Solutions in July 2004 subject to regulatory approval. Adea, which employs more than 1,300 people, already has a 30-person development center in Hyderabad.
Adea buys Bangalore’s Netkraft
Dallas, Texas-based IT services company, Adea Solutions Inc will pay $130m to acquire Bangalore, India-based offshore software services company Netkraft Pvt Ltd, which focuses on the healthcare and retail sectors.