Meritech to acquire Eoxys Systems India for its Push into IoT
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BANGALORE, India, Jan. 8, 2021 /PRNewswire/ -- Meritech Co., Ltd. HQ in Japan announced today that it will acquire majority stake in Bangalore-based Eoxys Systems India, which provides engineering services and solutions for IoT; through its subsidiary Meritech Software Private Limited in India.
Meritech Software Private Limited ("Meritec
" ) in all cash deal with undisclosed amount.
Meritech to acquire Eoxys Systems India for its Push into IoT
Meritech is a leading Telecommunication Testing & Measurement solutions provider and IoT solutions company in Japan with its R&D center in India. Meritech has made this acquisition to build up and flex a newer arm of its business: IoT Solutions. Today, the company announced that it is buying Eoxys, an engineering company based out of Bangalore, India, which builds IoT and cloud-based solutions aimed at carriers and enterprises. The financial terms of the deal were not disclosed.