ICRA Techno Analytics mc, a wholly owned subsidiary of ICRA Techno Analytics (ICTEAS) operating from Kolkata, has acquired 100% stake in Sapphire International Inc., a Delaware Corporation based out of Trumbull, Connecticut, USA.
Sapphire, a Microsoft Gold Partner, is in the business of providing IT solutions to government agencies and large corporations in the US market. ICTEAS is a wholly owned subsidiary of ICRA, a leading Credit Rating Agency in India.
The acquisition is expected to provide strategic synergies to the software initiatives of ICTEAS in the diversified field of .NET applications and Business Applications and Solutions. Sapphire specializes in .NET based applications and solutions and has an impressive client list including government agencies and large corporations. The acquisition will enable the in-house capability of ICTEAS to cater to a wider client base in USA.