NIIT Technologies Ltd on February 28, 2008 has announced that it has acquired German-based SofTec GmbH, a specialist in providing IT solutions and services in the airline revenue accounting and operations space. The acquisition will further strengthen NIIT Technologies’ presence in the Travel, Transportation and Logistics vertical. The new Company would be a wholly owned subsidiary of NIIT Technologies Ltd, India.

“The individual strengths of NIIT Technologies and SofTec are complementary. The acquisition will strengthen our domain leadership to reinforce our position in the Travel, Transportation and Logistics space,”, said Mr. Arvind Thakur, Chief Executive Officer of NIIT Technologies.

NIIT Technologies has a strong presence in the Travel, Transportation and Logistics domain through its association with the industry leaders like British Airways, Sabre, DB Systel, Emirates and SATS.

About Softec GmbH:

Softec GmbH is a Germany based Company focusing on providing IT solutions and services worldwide in the airline revenue accounting and operations space. They have a major market share of about 40 small to medium airlines within Europe, Africa and Asia. Founded in 1982, by Intro Group the Company is today a leader in the airline revenue accounting space for small to medium sized airlines with a market leadership in that segment. The Intro Group has a significant presence in the aviation industry having started an airline in late 70s and a successful business to revive floundering airlines.