HandsOn Ventures Acquires Codec Communications
Originally Released On 09/10/01

Pune, India - HandsOn Ventures today announced that it has acquired Codec Communications Pvt. Limited. Codec Communications provide offshore custom application development, maintenance and implementation services and specializes in providing solutions to the automotive and seed processing industries.

The acquisition was conducted to capitalize on sales and marketing and development synergies between HandsOn Ventures portfolio companies and Codec Communications to provide low-cost, high quality development and maintenance services.

About Codec Communications

Codec Communications, based in Pune, India, provides custom application development, maintenance and implementation services to an international client base and specializes in providing solutions to the automotive and seed processing industries.

About HandsOn Ventures

HandsOn Ventures is a buyout firm that acquires profitable companies in the fields of Information Technology, Business Process Outsourcing, Telecommunications, as well as other sectors.