Thrissur, India, June 26, 2019 --(PR.com
)-- Bizmindz, a premier custom software development house, has acquired a leading business software product, Antideo last week. Antideo was struggling to scale up as well as improve the user experience, when Bizmindz came in with the offer to take over the product 6 months ago. According to sources, things got sorted quickly and Antideo was acquired for an undisclosed amount. The official acquisition date was 10th June 2019.
Bizmindz is a reputed software development company with expertise in custom development in PHP as well as working with WordPress, and a few ecommerce platforms. Bizmindz is industry agnostic and has contracts with several consultants/domain experts for collaborating on projects that require industry specific process experience and doesn’t fall under the core focus areas of Bizmindz. The company has been doing well over the last few years and now is aiming to create a suite of software products primarily catering to SMB’s. It has now acquired Antideo to that effect, to offer value to website owners and is the first among the stable. According to a top company insider, more acquisitions are planned over the next few years, to further enhance the product offering and create an ecosystem of tools for SMB’s.
Industry analysts believe that this acquisition will open up new markets for Bizmindz and the future looks greatly promising owing to the years of experience Bizmindz has with project management and solution engineering. The company already has a good base of happy and loyal clients that might enable extensive cross selling for Bizmindz. On the other side of the coin, this acquisition would enable Antideo tap into the experience that Bizmindz has, as well as get access to investment that would be vital for it to improve the set of functionality and hurther enhance the product. It is indeed a win-win for both the companies.
The acquisition portrays Bizmindz’s capability, expertise, and confidence in taking on another company. This is the first acquisition for Bizmindz and there are several other acquisitions in the pipeline expected to happen in the near future.
With this acquisition, Bizmindz has stepped into the software products space and Antideo is geared to cater to the global market now. The organization structure says the CEO of Bizmindz, will remain the same as the previous owner of Antideo was outsourcing the operations as well as the sales and marketing functions. There would not be any downtime during the transition phase and the phasing out of the operations, the services are available at www.antideo.com.
CEO of Bizmindz said, “Antideo aligns very well with our long-term vision of offering products that generate real value for SMB’s. Our immediate plan is to improve the UX of the product with a set of added functionality and further package it for small businesses and non-tech users."