Bangalore, 10th Oct 2023— Fornax Corporate Services Private Limited, a leading player in the Business Services in India, is pleased to announce its successful 100% acquisition of Objectwin Technology India Private Limited (OTIPL). a wholly-owned subsidiary of ObjectWin Technology Inc., USA, for its India market business. OTIPL has built a stellar reputation in the IT sector, and this acquisition allows Fornax to harness the immense potential of its expertise and resources. This acquisition marks a significant milestone in Fornax’s strategic growth and expansion plan, solidifying our position as a prominent provider of IT Staffing and Project Management services.
Mr. Subrata Nag, CEO Fornax, expressed his excitement about this transformative acquisition, saying, “We are delighted to welcome Objectwin India into the Fornax family. With this acquisition Fornax enters into Technology staffing and services space. OTIPL’s rich history of excellence aligns seamlessly with Fornax’s vision, and together, we are poised to provide unparalleled value to our clients. ”
In addition, Mr. Shawn Karande, CEO of ObjectWin Technology Inc., USA, commented on the acquisition, stating, “This strategic decision reflects the shared values and vision of both our organizations. We believe that Fornax is the ideal partner to OTIPL to accomplish new heights in the Indian market. Acumen M&A Advisors, served as exclusive advisors to ObjectWin and were instrumental in finding us the right partner and stitched the deal from start to end.”
As we move forward with this exciting venture, Fornax remains steadfast in its dedication to delivering innovative solutions, fostering growth, and creating value for our clients, employees, and stakeholders.
About Fornax Corporate Services Private Limited:
Fornax Corporate Services Private Limited is a Bangalore-based Business Services Company that specializes in HR services, General Staffing, Engineering Staffing and Managed services. With a commitment to excellence and a focus on innovation, Fornax is dedicated to delivering tailored solutions that empower businesses to thrive in the digital age.
