Chennai based software solutions company, Teledata Informatics has signed a definitive agreement with Singapore based IT solutions and services company Soltius to acquire it through its wholly owned subsidiary Bitech International.

Soltius offers expertise in areas of business solutions and services and focuses primarily on SAP projects and consultancy services. The company’s industry-specific groups generate strategies rooted in a deep understanding of the practices and processes that help identify appropriate business solutions and services for various industries.

Commenting on the acquisition, K Padmanabhan, MD, Teledata said, "With this acquisition, Teledata has secured a stronger foothold in the SAP market, which will not only help to grow its existing business, but will also open-up opportunities in the future".

With operations spread across Australia, Bangladesh, China, India, Indonesia, Singapore, Thailand, USA and UAE, Soltius offers solutions in the areas of Customer Care & Billing Systems, Enterprise Resource Planning, Supply Chain Management, B2B Integration and  Mobile Solutions, while it’s service offering include Professional Services, Bespoke Development, System Integration, Product Implementation, ASP Offerings, Outsourcing.