Saksoft completes acquisition of Faichi Solutions

Saksoft Ltd announced that its US based subsidiary, Saksoft Inc. has completed the acquisition of California based startup Faichi Solutions LLC.

Faichi is a technology company that focuses on providing IT Services in the Healthcare Space.

Speaking about this acquisition, Aditya Krishna Chairman & Managing Director, Saksoft said, “Healthcare is increasingly becoming an interesting space from the technology services and product engineering perspective. Acquisition of Faichi Solutions by our U.S. subsidiary is part of the broader plan to expand our footprint in the US geography. Faichi’s deep understanding of the entire ecosystem of patients, providers and hospitals has made them a key player in this segment of the healthcare technology space.”

Amit Deshpande (Founder of Faichi Solutions) said, “We are excited to join the Saksoft Group as, some of their offerings and capabilities not only complement our strength but also provide the scale for our business growth. Together, our aim is to become the leading technology partner to Healthcare product companies and providers by offering a compelling value proposition for better patient care.”

The stock was higher by 3% at Rs.238.

The stock has hit a high of Rs. 249 and a low of Rs. 234.

Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.