Aurum Soft Systems has entered into a business transfer agreement on March 15, 2011 with Accel IT Resources (AITRL) for acquisition of the latter’s IT Resourcing Business for a total consideration of Rs. 5 crores. As part of the acquisition which would be effective from April 01, 2011, around 1400 employees of AITRL would become employees of Aurum Soft systems.
Aurum Soft Systems would continue to render IT resourcing services to Accel group companies, which is currently being rendered by AITRL to its group companies. The revenue from the IT Resourcing business over the next five year period is estimated at Rs 75 crores with a margin of around Rs 7 crores.
Aurum Soft Systems is a leading provider of Enterprise Applications and flexible IT Solutions. The company specializes in providing unique business solutions to the Hospitality, Manufacturing, Trading and Retail sectors by continuous innovation and domain focused approach.
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