Nihilent Technologies, a Pune based global consulting and IT services, has acquired ICRA Techno Analytics (ICTEAS) for Rs 68.75crore.
ICTEAS is a wholly owned subsidiary of the credit rating agency ICRA, a Moody’s investors service company. An agreement has been reached between the companies wherein Nihilent will acquire full ownership of ICTEAS, a statement from Nihlent said.
CTEAS has its headquarter in Kolkata with offices in California and Connecticut in the United States, and has expertise in analytics and data engineering. fe Bureau