Prisma Global acquires Prisma GmbH
Prisma Global has announced that it has acquired Prisma GmbH which specializes in Image recognition, Augmented Reality, Health, Security, Business Intelligence Services, Mobile solutions as well as enterprise content and management systems. Prisma Global acquired 51% major stakeholding in Prisma GmbH.
Shreeram Iyer, Chairman & Group CEO, Prisma Global, said, “I am extremely satisfied by this acquisition which fits perfectly with our vision of providing most innovative technology in India. The core expertise of Prisma GmbH along with some of the path-breaking products will make us first among equals.
Iyer further added, In today’s day and age of business, Return on Investment will be surpassed by Return on Innovation and that is what we bring to India through this acquisition.
With this acquisition, Prisma Global now owns the IP and the innovative technology like Snap2life and MediBox along with other product and services, Prisma Global shall also be in complete control on Prisma GmbH management and strategy, though the Present CEO Volker Brendal shall remain as CEO of the German Entity for next five years.
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