GTT Data Solutions' Strategic Expansion: Dual Acquisitions Boost Tech Portfolio

In a bold move to strengthen its market position, GTT Data Solutions Ltd has announced two significant deals. The company will acquire a 100% stake in Alpharithm Technologies for ₹150 million, expanding its software development and BPO services capabilities. Additionally, GTT Data will enter a non-exclusive license agreement with SEED Infotech, enhancing its B2B offerings. These strategic moves, part of GTT's ₹4,999 lakhs rights issue, aim to diversify the company's IT infrastructure and service portfolio. With the rights issue closing on February 25, 2025, and the Alpharithm acquisition expected to complete by March 31, 2025, GTT Data is poised for significant growth in the coming months.
Sources: BSE, GTT Data Solutions Ltd, Financial Express