Octant Interactive Technologies Ltd, a Mumbai-based software solution company, has acquired Esha News Monitoring (ENM) for an undisclosed sum. ENM is engaged in broadcast monitoring & analysis and offers services across corporates, government and non government ortganisations.
LV Ramnarayan, director Octant Interactive stated that the acquisition will help the company accelerate its growth in interactive technologies business. “The established contacts of ENM with the government, corporate houses and decision makers will help us in leveraging our business of emergency medical health care,” said Ramnarayan.
Firstcall India Equity Advisors Pvt Ltd, a Mumbai-based firm was the advisors for the transaction.
Net sales and net profit of Octant in the financial year 2008-09 were Rs 53.67 crore and Rs 56.7 lakh respectively.