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."