Company News
MUMBAI, June 19
Recreate Solutions India Ltd, a Mumbai based, leading media and entertainment software and outsourcing company known for providing a range of outsourcing models within the convergence sector, has been acquired by US- based Corpus Inc, a provider of domain specialized technology services firm in the banking, financial services and telecommunications sectors with a turnover around $ 100 million. Corpus Inc, with a proven capacity for global delivery has numerous Fortune 100 clients across the Telecom, Finance and Media sectors.
According to Bhaskar Majumdar, CEO, Recreate Solutions India Ltd, “The interactive media industry is maturing across platforms. It is consolidating around companies that have viable cost structures and revenue streams that generate healthy margins. Outsourcing of non –core technology functions is a proven method to increase profitability. Recreate Solutions is focused on providing high quality outsourced solutions that add value to clients in our service segment. Under the Corpus banner we will now be able to take our solutions to Corpus’s Fortune 100 client base.”
“We are pleased and excited to welcome Recreate into our corporate family”, said Corpus CEO Sachin Tummala, who noted that Recreate Solutions was one of the fastest growing companies in this space. “We acknowledge the important role of technology in enabling the distribution of content over disparate channels. Recreate has mastered the fields of mobility and interactivity to help its customers in providing best in class services. Recreate sells on the basis of competency and has offshore at the central theme of delivery- both aspects of what we are trying to reinforce in Corpus”.
About Recreate Solutions India Ltd: Recreate Solutions India, a venture backed company founded in 2001, has grown steadily and is a leading media and entertainment software and outsourcing company known for providing a range of outsourcing models within the convergence sector. The company has worked across such emerging domains as Interactive Television, Mobile, Broadband & IPTV and is well recognized within the convergence industry. The company offers quality solutions cost effectively to its clients in across Asia, Europe & US.
For further information, contact:
Shweta Beri:
PR Consultant
Ph: 28570002/28574931
M: 9820444198
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