Krishna to tap on MC Consulting’s logistics & transportation expertise
Chennai-headquartered Saksoft Limited (NSE: SAKSOFT) (BSE: 590051), a leading digital transformation solution provider, said its subsidiary has completed the acquisition of Singapore-based MC Consulting, a positive step to raise the business to a US$100 million by 2025.
Speaking on the acquisition on 15 Feb 2022, Saksoft Chairman & Managing Director Aditya Krishna said, “MC Consulting’s domain expertise and experience in providing smart seaport solutions aligns well with our Logistics & Transportation focus.”
The acquisition fits into Saksoft Group’s strategy of Inch-wide-Mile-Deep focus that helps us reinforce our niche in the otherwise crowded market.”
Saksoft COO and Group CFP Niraj Kumar Ganeriwal added, “This merger also reflects our intent to invest more in the Singapore market, and commitment to provide employment to local talents. It will help enhance our strength of vertical focused approach and optimise cost of operations in Singapore. This is a positive step forward in our Mission to get to USD 100 Million by 2025.”
Saksoft Group’s stability and overall domain, technology expertise will be enhanced with agility and local expertise of MC Consulting.
MC Consulting Founder Bharaneetharan Udayabaskaran said, “We are excited to join the Saksoft Group as I see synergy in our experience and expertise. Our strong business relationship, project execution experience in Singapore combined with Saksoft’s larger portfolio of solutions can provide scale for our business growth.”
Saksoft Head APAC Sales Bhaskar Narayanan elaborated, “MC Consulting’s infrastructure, experience in Singapore and the nearshore infrastructure in Malaysia can help us with quicker turnaround times. Our aligned focus and complimenting skills can help us cross sell our solutions.”
The acquisition was made by Singapore subsidiary Saksoft Pte Ltd.
Saksoft provides Industry-focused Technology-driven transformation solutions to enhance customer experience. With their focus in Logistics & Transportation, Fintech, Healthcare, Retail eCommerce and expertise in Enterprise Applications, Augmented Analytics, Intelligent Automation and Enterprise Cloud, Saksoft has created a niche in a crowded market
Saksoft is headquartered in Chennai and has 14 offices across USA, Europe, and Asia employing over 1600 employees
MC Consulting is a Singapore based company specialising in providing technology-based business solutions. Over the last 15 years, they have custom developed multiple solutions that improves the functioning of a seaport and public sector agencies. fiinews.com
