Magellanic Cloud completes acquisition of iVIS Intl India

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Magellanic Cloud, a software development and digital transformation solutions company, has said it completed the acquisition of its wholly-owned subsidiary, iVIS International India Private Ltd into Magellanic Cloud brand. “This strategic merger will streamline Magellanic Cloud’s operations by integrating iVIS directly into the company structure. This move will strengthen our position in the surveillance and ITES sectors,” Joseph Reddy Thumma, CEO of Magellanic Cloud, said in a statement on Friday. Also read: AI will open new opportunities and challenges: Tata Sons Chairman N Chandrasekaran iVIS International contributes about 25 per cent to the company’s consolidated revenue. The merger will have no bearing on Magellanic Cloud investors.

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