INVENSYS ACQUIRES BANGALORE COMPANY
Bangalore
The Times of India (Bangalore edition)
Skelta Software, a Bangalore-based software product development company, has been acquired by Invensys Operations Management (IOM), a US-based provider of technology systems, software solutions and consulting services to the manufacturing and infrastructure operations industries. The value of the deal was not disclosed.
Skelta, founded in 2003 and which has 130 employees, provides enterprise-wide business process management (BPM) and advanced workflow software solutions. "This acquisition further extends our enterprise control system strategy," Sudipta Bhattacharya, CEO of IOM, was quoted as saying in a release. Sanjay Shah, CEO of Skelta Software, said that being acquired by an "industry-leading multinational company recognizes that our technology is leading edge".
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