Nitor Infotech Acquires SpotOn Software; Expands Footprint in Mobility, IoT & Data Science
India, Pune – July 18, 2018 – Nitor Infotech, a leading software product development firm serving ISVs and enterprise customers globally, today announced that it has acquired SpotOn Software, an outsourced product development company specialising in product engineering and enterprise solutions.
This acquisition is expected to be a strategic move and will enable Nitor to leverage SpotOn’s expertise in Enterprise Mobility, IoT, Product Modernization, Data Science and Analytics. It allows Nitor to expand rapidly with SpotOn’s current and prospect customers getting access to a specialized portfolio of services.
“While our organic growth is heading in the right trajectory, we aim to push our inorganic growth strategy to complement our overall growth. With SpotOn joining the Nitor family, we will be able to scale up business in areas aced by SpotOn. This acquisition also offers a great opportunity for Nitor to access wider markets and execute newer and more challenging projects for our clients.” said Nitor’s Founder & Managing Director, C. E. Potnis
Echoing the sentiment is Nitor’s President, Sanjeev Fadnavis.
“SpotOn’s acquisition is reflection of our sustained strategic investments aimed at strengthening our core offerings in product development while adding to the areas of enterprise solutions. With SpotOn’s founding team joining Nitor, we will be able to expand our global leadership team. With this acquisition, we will accelerate our mobility offerings and provide our client’s with an attractive combination of IoT and data science. Additionally, SpotOn’s data science expertise will provide Nitor with additional boost to address complex client opportunities.”
Technical experts from Nitor claim that the SpotOn acquisition will:
- Broaden Nitor’s IoT and software product development capability
- Help Nitor address additional verticals encompassing – Media Content Delivery, Games & Augmented reality, Resource Tracking & Monitoring
- Increase Nitor’s presence in Europe especially in the UK
- Bring on board strategic clients across various domains
Mukul Joshi, CEO & Director of SpotOn who joins Nitor in a key role said –
“We are excited to join Nitor Infotech as we share a deep commitment to product quality, result-driven R&D and transparency throughout the product development process. The deal also adds us to an impressive list of diverse partnerships Nitor has and opens doors to a plethora of technology stacks to serve our existing clients better”.
Ashutosh Sovani, COO & Director of SpotOn, who is also on board with Nitor added –
“The Nitor acquisition acts as a platform for our skilled team to realise their full potential. We share the vision of the leadership at Nitor and look forward to an accelerated growth together.”
The acquisition will additionally provide SpotOn’s global customers with Nitor’s strategic partnerships and wide-ranging portfolio of services. Thus helping them expand the engagement and swiftly scale product and application development.
About Nitor Infotech:
Nitor has outsourced software product development DNA and specializes in IT engineering management practices – Software Product Engineering, Analytic Engineering, Business Quality Assurance (Testing) and Enterprise Mobility. Our track record boasts of creating world class software products and services with cutting edge technologies across multiple domains. With more than 380+ employees worldwide, Nitor Infotech is a trusted partner of choice to its client headquartered in India, Pune with offices in Chicago & Dallas.
Read more about Nitor Infotech on www.nitorinfotech.com
Established in 2009, SpotOn have been leaders in product engineering and solutioning. SpotOn has worked with multiple customers across the globe, from startups to MNCs and has become a part of their core software expert teams. SpotOn’s technical expertise in Mobility, IoT, Server software and Data Science has differentiated its offering to stand out in the software service market.
Read about SpotOn – www.spotonsoft.com