Infibeam Incorporation Limited has signed a Memorandum of Understanding (MOU) to acquire DRC Systems Pvt Ltd, through its wholly owned subsidiary NSI Infinium Global Pvt Ltd.
DRC Systems provides cloud enterprise ERP solutions and develops customised software for e-commerce applications.Through this acquisition, Infibeam and DRC Systems will be able to jointly serve an ever-growing needs of customers in customising their e-commerce platforms.
Following the acquisition, Infibeam’s software team will grow by an additional 200 developers and technology professionals. The acquisition amount remains undisclosed.
Founded in 2007 by Vishal Mehta, Sachin Dalal and Neeru Sharma, Infibeam’s business can be divided into two parts – the ecommerce website Infibeam.com and services business BuildaBazar(BaB) that provides customisable digital solutions and other value added services to enable merchants to set up online storefronts. It reportedly had more than 66,000 merchants onboard, at the end of December 2016.