Nihilent Technologies, a global consulting and solutions integrations company today announced its acquisition of GNet Group LLC (www.gnetgroup.com) , a leading US based services and solutions company specializing in business intelligence and collaboration and content, for an undisclosed amount. An agreement has been reached between the companies wherein Nihilent will acquire full ownership of GNet Group.

GNet Group is a Minneapolis headquartered company, with operations in Midwestern and South Central United States, and has deep expertise in business intelligence services, sharepoint and application development.

“We are excited for the opportunities that this acquisition brings both Nihilent and GNet Group’s customers,” said L.C. Singh, Vice-Chairman and CEO of Nihilent. “This acquisition is a result of GNet Group’s profitability and growth, and its extensive expertise in the business intelligence and analytics space.”

Nihilent, with a 14 year track record of delivering cutting edge change management solutions to global businesses across verticals, will now be able to enhance its expertise in business intelligence and software application development, especially in the American region.

“This acquisition is important and essential to Nihilent,” said Minoo Dastur, President and COO, Nihilent. “We have already begun integration operations, which speaks of the critical nature of this association. This is a great opportunity for Nihilent to expand into America. Also, our relationship with Microsoft , through expertise in deploying their CRM and AX solutions will position us to hit the ground running.”

“We are pleased that we were able to complete this transaction with Nihilent so smoothly,” said Venkat Kavasseri, CEO of GNet Group. “We look forward to continued growth and success, leveraging Nihilent’s global scalability and additional offerings including Microsoft Dynamics CRM and AX.”

About Nihilent

Nihilent Technologies is a global consulting and solutions integration company using a holistic and systems approach to problem solving. Headquartered in Pune, India, Nihilent’s executive team has over 500 person-years of experience in international consulting, IT outsourcing and IT services. They have made major intellectual contributions to the development of IT around the world. Nihilent’s operations span North America, Europe, Africa, Middle East, Asia and Australia. For more information, visit www.nihilent.com

About GNet Group

GNet Group is a leading services and solutions company, with deep experience in data analytics and information management. GNet Group’s rapidly growing BI, SharePoint and Cloud practices help businesses understand and manage their data more effectively, enabling decision makers to drive business performance. GNet Group is headquartered in St. Paul, Minnesota, with offices in Dallas, Texas, Des Moines, Iowa and Pune, India. For more information, contact