Interactive Ideas has today announced the acquisition of a minority stake in Interfinet Technologies.Based in Orissa State, India, Interfinet is a four year-old company specialising in the customisation of Open Source software projects for deployment into SMEs in Western Europe and the USA.
Initially taking an 18 per cent shareholding, Interactive Ideas will use its sales and marketing presence within the channel to provide a route to market for Interfinet's software offering.
"We are really excited at this opportunity," said Interactive Ideas' MD Michael Trup (pictured). "The key to making strategic alliances work is a similar culture, combined with complementary skill bases. By working with Interfinet over the last year, we have worked through many of the challenges of long distance collaboration and see a great opportunity to extend our open source related solutions. Our Linux business is growing strongly and this is telling us that open source has now reached a tipping point."
Bhabani Dash, MD of Interfinet, added: "We seemed to share a corporate culture of putting relationships first when dealing with Interactive. Our business has been growing strongly but we felt that some additional capital and more importantly the channel access and expertise they bring to the table will allow us to grow the company much more quickly and successfully."
Advertisement
Related Stories
- Interactive Ideas signs Bitdefender deal Jan 26th 2012 at 11:23AM
- Interactive Ideas offers best practice guides for selling online Jan 11th 2012 at 2:03PM
- Acme launches ?179 tablet Oct 31st 2011 at 3:52PM
- Interactive Ideas bolsters PCR Awards 2012 Oct 31st 2011 at 12:41PM
- Interactive Ideas launches new magazine Oct 17th 2011 at 2:34PM
- PCR Awards 2011: Last chance to lobby Nov 26th 2010 at 11:15AM
- Interactive Ideas backs PCR Awards 2011 Oct 26th 2010 at 10:03AM
- Interactive signs up Sleek Audio Sep 7th 2010 at 2:34PM
- BLOG: Interactive Ideas on winning a PCR Award May 10th 2010 at 5:32PM
- Interactive Ideas becomes Silver Investor in People Apr 14th 2010 at 4:09PM
Follow Follow this article if you would like to receive notifications of updates.
Add a new comment
You need to be logged in to post comments. If you do not have an account then please register.
Comments
0 comments
There are no comments yet, be the first to add one!