Press Release: May 08, 2020
Galaxy Weblinks, a leading technology consulting firm, acquired Biz Solutions 365, last month. The much expected announcement came amid the news of partial lift of lockdown in India. Biz Solution 365, was previously a technology backend partner for Kalm Strom. Since their recent split, Biz Solutions 365 was looking for new partnership when the offer came in from Galaxy Weblinks about 4 months ago.
Galaxy Weblinks is a technology consulting firm that helps companies accelerate their ability to innovate, grow, and deliver better digital products and services. It specializes in software development services across the entire product development lifecycle; strategy, design, engineering, QA, training & support.
They have now acquired Biz Solutions 365 that had a niche market for SharePoint plugins and expertise in cross-platform applications within other Microsoft Technologies including Outlook, Azure and Office 365. According to market sources, Business Productivity Tools (including SharePoint) make up ~30% of Microsoft Business Division’s revenue, resulting in an exclusive need for plugins and service experts.
With this acquisition, Galaxy Weblinks has diversified into SharePoint development and its plugins. The company has absorbed most employees that were working for Biz Solutions 365 into its fold to be able to take on the larger projects. The organization structure, says Anand Damani, the CEO of Galaxy Weblinks will remain the same and there will be no changes in the roles of the top officials as well.
This acquisition has brings a new adventure for Biz Solutions 365. It brings in 10+ years of SharePoint experience and expertise to the table. Galaxy Weblinks has an established team in Java and PHP and welcomes this expertise. It is indeed a win-win for both companies. Since the lockdown, all employees will continue to work from home and the on-boarding will also be virtual.
Sources are pretty tight-lipped regarding the amount of settlement and this information has not been made public. According to Varun Bihani, the Managing Partner, more acquisitions are planned over the next few years, to further enhance its sales and revenues.