Media 
NIIT Technologies acquires German-based SofTec GmbH
NIIT Technologies Limited, the global IT solutions organization, today announced that it has acquired German-based SofTec GmbH, a specialist in providing IT solutions and services in the airline revenue accounting and operations space. The acquisition will further strengthen NIIT Technologies' presence in the Travel, Transportation and Logistics vertical. The new company would be a wholly owned subsidiary of NIIT Technologies Ltd, India.
"I am delighted that NIIT Technologies has chosen SofTec for its centre of excellence for airline systems", Mr. Peter Oncken, Managing Director of Softec said. "SofTec's state-of-the-art financial and operations solutions have been implemented by more than 40 airlines mainly in Europe. SofTec's industry specialization and access to the complete portfolio of NIIT Technologies' services will enhance value to our customer base", Mr. Oncken further stated.
"The individual strengths of NIIT Technologies and SofTec are complementary. The acquisition will strengthen our domain leadership to reinforce our position in the Travel, Transportation and Logistics space.", said Mr. Arvind Thakur, Chief Executive Officer of NIIT Technologies.
NIIT Technologies has a strong presence in the Travel, Transportation and Logistics domain through its association with the industry leaders like British Airways, Sabre, DB Systel, Emirates and SATS
About SofTec GmbH
Softec GmbH is a Germany based company focusing on providing IT solutions and services worldwide in the airline revenue accounting and operations space. They have a major market share of about 40 small to medium airlines within Europe, Africa and Asia. Founded in 1995, by Intro Group the company is today a leader in the airline revenue accounting space for small to medium sized airlines with a market leadership in that segment. The Intro Group has a significant presence in the aviation industry having started an airline in late 70s and a successful business to revive floundering airlines.
For further information please visit www.softec.aero
About NIIT Technologies Travel, Transportation and Logistics vertical
NIIT Technologies provides a whole spectrum of services in the Travel and Transportation industry. The offerings have been successfully provided to the world's leading names in the Travel and Transport sector. Some of NIIT Technologies offerings include Customer Solutions (Integrated IT and BPO), Travel Portal Services (Integrated IT and BPO), Reservations and GDS system development and maintenance, Integration services on OTA standards, Cargo2000 and RFID Technology, Development and Maintenance of Airline Cargo systems, Pricing and revenue accounting services (Integrated IT and BPO) and Logistics, Freight Forwarders and Couriers Service Offerings (Integrated IT and BPO)
About NIIT Technologies
NIIT Technologies is a leading IT solutions organization, servicing customers in North America, Europe, Japan, Asia and Australia. It offers services in Application Development and Maintenance, Enterprise Solutions including Managed Services and Business Process Management to organizations in the financial services, Travel, Transportation, Logistics, Retail, Manufacturing and Government sectors
NIIT Technologies' software development processes are assessed at SEI CMMI – Level 5 Version 1.2. It's human resource processes are assessed at the highest level of maturity at PCMM Level 5. Further NIIT Technologies has processes and systems for information security management certified in accordance to the ISO 27001 standard, and its facilities conform to ISO 20000 standard of Service Management for Managed Services.
For further information please visit www.niit-tech.com
Safe Harbor
Certain statements in this release are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies / entities in which we have made strategic investments, withdrawal of governmental fiscal incentives, political instability, legal restrictions on raising capital or acquiring companies and unauthorized use of our intellectual property and general economic conditions affecting our industry. The company does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company
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Feb 28 , 2008
