US-based NetObjex Acquires India's Serventire Global

Thiruvananthapuram: US-based IT firm NetObjex Inc on Tuesday said it has acquired Serventire Global Pvt Ltd -- a Blockhain solutions provider based in Technopark here. Serventire Global has a customer base spread across four continents. "This is coming together of two companies with complimentary skills, technologies and culture," Raghu Bala, Chief Executive Officer, NetObjex, said in a statement. Georgey Jacob of Serventire Global said this acquisition would provides the company a platform to accomplish bigger goals with a broader reach. "The market for Distributed Ledger Technology (DLT) is growing rapidly and we believe the combined entity is a formidable global player," added Jacob. However, further details of the acquisition have not been disclosed. (IANS)