California-based IT firm Digital Liberty Group (DLG) has taken over 55 per cent stake in Comprehensive Software Solutions and Services (CS3). Both DLG and CS3 are working towards consolidating the merger process and once it is through, CS3 will go in for a re-branding exercise targeted towards positing it as a DLG group company. CS3 will also undergo a HR revamp by adding another 150 IT professionals capable of serving the global clients.
DLG is also planning to enhance CS3 presence in the Indian IT space, by extending solutions and services across India. The new entity will be working towards achieving CMM certification at the earliest.
Announcing the takeover, O.K. Sanjit, group chairman, DLG, said, “We have been pursuing global investment opportunities, especially in the emerging markets and committed to maintain our active presence in the most happening markets such as India, China, Japan and GCC countries apart from the US. We are strengthening our presence in the Indian IT space with this takeover that would sure be followed by many more in the coming months.”
“This is an opportunity for CS3 and its customers to gain access to global quality software solutions and services. This will also provide CS3 workforce opportunity to be part of global software initiatives, including prospect to work on live onsite projects,” opined B. Vinoj, managing director, CS3.
Founded in 2002 at Kochi, CS3 presently has 270 plus man years of combined experience at key functional areas and has a dedicated team of 100 plus professionals.
Source: EFY Times