Nihilent buys ICRA Techno Analytics for $10 mn

IT service provider Nihilent Technologies announced its deal to acquire ICRA Techno Analytics for $10 million.

ICTEAS, a subsidiary of the credit rating agency ICRA, a Moody’s investors service company, focuses on analytics, data engineering and business process management.

ICTEAS, a Kolkata headquartered company, has offices in California and Connecticut in the United States.

LC Singh, vice chairman and CEO of Nihilent, said: “ICTEAS’s experience in creation of IP, especially in data science and BI complements our capability being a complete change management organization.”