IndiSoft Acquires Microtek Systems

June 14, 2011

Strategic acquisition allows software Development Company to expand service offerings

COLUMBIA, Md., June 14, 2011 – IndiSoft, a technology development firm that focuses on systems for the default services industry, announced today its acquisition of Columbia, Md.-based Microtek Systems Inc., a software development and outsourcing services company. Through the acquisition, IndiSoft adds Microtek’s strong Oracle expertise and enhances its independent business consulting services.

Founded in 2003 by Vasant Manwadkar, Microtek clients include U.S. federal government agencies, research labs and companies in the manufacturing, logistics, education, entertainment, financial service and insurance industries. The company provides multi-platform solutions and is proficient in enterprise systems and product implementation across several verticals, such as banking, insurance and healthcare.

"Microtek has the technology, management and consulting capabilities and experience to complement our software development services and RxOffice® platform," said Sanjeev Dahiwadkar, CEO and president of IndiSoft. "These specialized skills will enable IndiSoft to expand our focus and provide expert independent business consulting services. This acquisition demonstrates IndiSoft's commitment to growth opportunities that allow us to better serve clients and deliver competitive, yet cost effective solutions to meet the growing needs of the various markets we serve."

"Microtek specializes in providing high-quality services from top software developers and IT professionals," said Swati Manwadkar, president and CEO of Microtek. "IndiSoft and Microtek are a natural fit, and we expect to see growth in IndiSoft's capacity to manage projects across several industries, while still delivering expertise and personalized customer attention to its clients."

IndiSoft offers an array of professional services from consulting to complex software design and development. Its flagship product, RxOffice, provides customizable, robust document management, workflow and reporting capabilities and helps mortgage companies accelerate the loan modification process.

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Tuesday, June 14, 2011 - 11:00