NSI Infinium Global, a wholly owned subsidiary of Infibeam Incorporation, has signed a binding Memorandum of Understanding (MoU) with DRC Systems India (DRC) for acquisition of DRC with full management control. It is an all cash deal with a payment consideration amounting to about Rs 6 crore.
DRC is engaged in the business of providing software solutions for enterprise E-commerce, ERP and related solutions. They have also been providing customized solutions using BuildaBazaar platform to the merchants of Infibeam in India and globally. The company employs about 200 software engineers to build and customize solutions on proprietary and open source software frameworks to deliver world-class experience to merchants.