Singapore-based IT consulting firm Kris Infotech has acquired a 60% stake in US-based IT consultancy and staffing firm AGS Tek Partners.

Financial details of the transaction were not disclosed.

To drive its ambitious expansion plans in the US and across North America, Kris Infotech is hiring industry veteran, Barani Kumaresan, from Singapore. As Senior Vice President, Kumaresan will be responsible for making all operational decisions for AGS Tek Partners, executing the company's strategy and scaling up operations of AGS Tek Partners.

"We are thrilled to add AGS Tek Partners into our fold,” Reem D'Souza, Head of Business Strategy and Investor Relations at Kris Infotech said. “Their expertise and experience in delivering IT resourcing and training services in the US over many years is immensely valuable and will serve as a launchpad for our own growth plans. Together, we look forward to delivering our suite of IT services to a lot more companies across the US and North America and enabling them to get maximum value from their investments in Information Technology and digitalization/digital transformation. I am confident that Kumaresan's extensive experience in the IT services sector and his presence in the US to run our operation are critical to fast track our plans for this important market."

Dave Malhotra, Founder & CEO of AGS Tek Partners, said, "We are excited by the next stage of our corporate journey as a part of Kris Infotech. Not only does this acquisition add several complementary competencies, but there is also a great synergy in our visions for how we can add value to our customers. With the backing and support of Kris Infotech, we are even better equipped to delight more customers in multiple domains. We look forward to being the one-stop, end-to-end IT solutions provider for our clients."

Kris Infotech is a Singapore-headquartered IT solutions company, providing a wide range of IT services from technology consulting and advisory in emerging tech to IT talent solutions. Established in 2006 by Rajeev Srivastava, the company currently employs over 150 professionals with operations in Singapore, Malaysia, India, Thailand, and the US, while also supporting customers in Vietnam, Philippines, and Australia.