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Saksoft acquires Augmento Labs to strengthen digital engineering portfolio

Jun 13, 2024

Acquiring Company

Saksoft Limited

Acquired Company

Augmento Labs

ChennaiBengaluruInformation TechnologySoftwareArtificial IntelligenceAnalyticsMachine LearningInformation Technology

Description

Saksoft, a leading IT services provider, has announced the acquisition of Augmento Labs, a digital engineering company headquartered in Bangalore, Karnataka. This strategic move aims to enhance Saksoft's capabilities and presence in the product engineering space, reinforcing its commitment to providing comprehensive solutions across digital engineering spectrum.

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Company Information

Company

Saksoft Limited

Location

Chennai, Tamil Nadu, India

About

Saksoft is an IT services and IT enabled services provider. The company specializes in solutions for Business Transformation, Information Management, and Application Development & Testing. It is listed on the NSE and BSE Stock Exchanges. The company aims to consolidate its business structure by merging with its wholly-owned subsidiary.

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Frequently asked

Who acquired Augmento Labs?

Augmento Labs was acquired by Saksoft Limited, based in Chennai. The deal was reported on June 13, 2024. Saksoft is an IT services and IT enabled services provider. The company specializes in solutions for Business Transformation, Information Management, and Application Development & Testing. Saksoft Limited is privately held and operates in Information Technology.

When did Saksoft Limited acquire Augmento Labs?

Saksoft Limited's acquisition of Augmento Labs was reported on June 13, 2024. Saksoft, a leading IT services provider, has announced the acquisition of Augmento Labs, a digital engineering company headquartered in Bangalore, Karnataka. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Augmento Labs do?

Augmento Labs is next-gen fast-growing startup software services organizations that specialize in providing unique scalable solutions with cost to value advantages that are driven by innovation. It is privately held, operating in Information Technology, and is based in Bengaluru.

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