3i Infotech on Sunday announced that it has acquired a US-based J&B Software Inc and its subsidiaries for $25.25 million.J&B Software Inc. is engaged in the business of providing software products and services relating to remittance processing in the United States with blue chip customers.
It has robust and highly scalable software products for payment processing. J&B Software Inc. is engaged in the business of providing software products and services relating to remittance processing in the United States with blue chip customers.
3i Infotech expects the acquisition to be EPS accretive. “The acquisition of J&B Software Inc. is a strategic move for 3i Infotech as it would enable penetration into the blue chip BFSI customer base in the US,” the company said in a notice to BSE.
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