Details of the deal have not been disclosed. However, Exigen has said that under the terms of the partnership, DATI will provide outsourcing services to the two companies’ client bases, which include European organizations such as Software AG and Latvia SRS, and North American firms such as AIG, IBM and Wachovia Securities.
DATI will also boost R&D resources for Exigen’s range of industry-specific business process software. Exigen will provide sales and marketing support from its 12 offices across Europe, the US and Australia in order to drive joint growth opportunities. Exigen claims it has created the largest Baltic IT force through the partnership.
DATI has previously had a similar arrangement with UK-based Anite Group Plc., which had an option to acquire the Latvian developer for up to 15 million pounds ($23.3 million). However, in May 2003 Anite decided against the acquisition due to financial difficulties.
