Superior Business Solutions SBS group, headquartered in Dubai, UAE has acquired Hyderabad based Webtag India which provides web application and contract software development services.
The financial terms of the deal have been left undisclosed by the company. As a part of the deal, all the assets and intellectual properties of Webtag India will be passed to a new entity branded SuperiorTag Business Solutions India Pvt. Ltd., SBS India.
WebTag India has been involved in developing and deploying smartphone applications, professional web solutions, cloud based applications and hosting services. In addition to these services, it also has a product in Digital Signage niche, branded DigitalTag® that has a wide customer base across India.
“We are confident that this acquisition will add value to our existing regional offices in UAE, Egypt and Qatar… SBS sees this strategic acquisition as a move to further expand its operations, accelerate next growth phase in terms of people, processes and technological advancement,” said Adel Eid Yousef, Chief Executive Officer of SBS Group.
Nagesh Gadde the Managing Director of Webtag India will be the Director, Operations for SBS India.
The company will also be increasing its capital investment to expand the research and development center in Hyderabad.
SBS is specialized system integrator, providing integration services that include a broad range of technology and consulting solutions that help customers connect disparate technologies and applications to act as one solution using different integration engines and home grown techniques. It operates with head office in Dubai, UAE and Qatar extending IT services to clients across the Middle East region.
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