| MUMBAI:
Esha News Monitoring (ENM), the broadcast monitoring and analysis service provider
company, has been acquired by Octant Interactive Technologies, an interactive
technology company. ENM
provides broadcast monitoring and analysis to corporate houses, governments, NGOs
and researchers. Octant
claims that the acquisition of ENM is a “strategic fit with the existing
business model”. Octant,
which is primarily engaged in the development of software solutions, has recently
diversified into interactive technology space with the development of intellectual
property rights and emergency health care services, it said in a release. Octant
has plans to form three strategic business units. ENM’s RS Iyer will take
over as director and CEO, and will oversee the operations along with other board
members. Octant
Interactive Technologies director LV Ramnarayan said, “The acquisition represents
a significant step for Octant. We are convinced of the compelling strategic rationale
of this partnership and the terms deliver substantial value to shareholders. The
established contacts of ENM with the government, corporate houses and decision
makers will us help in leveraging our business of emergency medical health care.”
Iyer
said, “We are at the center of this interactive technology business, and
together we will build on our combined heritage to redefine the ways of monitoring
and analysis. By joining hands with Octant, we will be able to bring sound context
and valuable information to a number of our customers. We will be able to significantly
increase the depth and breadth of our coverage in the vastly underserved market.
We also look forward to maintaining and enhancing the services and support provided
to Octant’s existing and future customers.” Firstcall
India Equity Advisors, Mumbai, are the advisors for the transaction. | 
