The companies also announced a new management team. Sharing the co-chairman positions will be Ravi Reddy, current chairman of Megasoft and JanEirk Boers, chairman of Xius. GV Kumar, CEO of Xius will assume the role of CEO of the new combined company.
We are very excited about merging with Xius. By combining forces, Megasoft will be able to expand its market opportunities to the fast growing wireless sector, said Ravi Reddy.
Megasoft is a Mylapore, India-based company that provides applications management, development, maintenance, integration, re-engineering and infrastructure management, and a number of related services such as technology architecture, program management and change management through its onsite/offshore outsourcing model.
It caters to niche vertical segments like e-Pharma, Federal Emergency Management/ e-security and Banking & Insurance domains. Megasoft has operations in 10 countries including the US, UK, Singapore & Australia.
The company said the merger is subject to final regulatory approvals.
This article is based on material originally published by ComputerWire
