Apollo LogiSolutions acquires mobile application platform Wifin Technologies

Apollo LogiSolutions (ALS), a subsidiary of Apollo International Limited, announced the acquisition of controlling stake in Wifin Technologies (India) Pvt. Ltd (Wifin) a Chennai-based boutique Mobile Products and Solutions company.

Apr 12, 2016 03:04 IST India Infoline News Service

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Apollo LogiSolutions (ALS), a subsidiary of Apollo International Limited, announced the acquisition of controlling stake in Wifin Technologies (India) Pvt. Ltd (Wifin) a Chennai-based boutique Mobile Products and Solutions company. The acquisition is a part of ALS’s articulated growth strategy to enhance IT capabilities and be able to provide next generation technology based logistics solutions to the clients. The acquisition ensures that IT requirements of its group companies and clients, like software applications & maintenance for Logistics related services, mobile application development and consulting advice on IT matters is provided in-house.

“The acquisition makes us better placed to meet our promise to provide excellent IT solutions to our clients. Technology and innovation are key to progress in the logistics sector and such an addition to our capabilities as provided by Wifin could give us a sustained advantage. It is a show of intent that illustrates our desire to be leaders in the logistics sphere.” said Raaja Kanwar, Vice Chairman and Managing Director of Apollo International Limited. “The acquisition will also augment Apollo International`s e-commerce joint venture with Lycos Internet” further added by Mr. Kanwar

Mr. Raghavendra Prasad, Managing Director, Wifin, said "We are proud to be associated with Apollo LogiSolutions led by Mr. P.S.S.Prasad who has distinct vision of excellence delivered by catalyzing global commerce.”

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