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Quantela Inc. takes management control of the Indian activities of TerraCIS Technologies Ltd.
Posted on December 1, 2021
The second transaction in three months provides immediate access to digital land registration and records management, further expanding the outcome offerings.
New Delhi: Results Business Model leader Quantela Inc. announced today that it has entered into an agreement for the management control of the Indian business of TerraCIS Technologies Ltd., (TTL), a pioneer in land governance solutions and smart city. This agreement will further expand the economic, social and environmental outcomes that Quantela can deliver through digitization and data-driven insights.
Supported by investment partners, Gateway Partners and Avenue Capital Group, Quantela will assume immediate operational control of TerraCIS ‘activities in India, and full ownership through a timely restructuring process.
The transaction further enables Quantela to improve outcomes for governments and cities by reducing the time and costs spent on traditionally manual land registration and records management processes by removing barriers to data access through to digitization.
“This agreement for TTL in India creates an exciting addition to our existing range of offerings, as we can combine our smart city expertise to bid on much larger projects with greater community impact in India and beyond. . At the same time, we can leverage Quantela’s global presence to expand our digital land registration and records management offering around the world, ”said Sridhar Gadhi, Founder and Executive Chairman of Quantela.
“This is our second transaction in three months, and we are privileged to have the support and trust of our investment partners, Gateway and Avenue as we continue to grow our organization. Our immediate goal is to integrate the TerraCIS teams and integrate our tools and processes, while maintaining our commitments to existing customers and partners, ”said Amr Salem, CEO of Quantela. “The Quantela Association will give existing TerraCIS customers the security of working with a larger company and the ability to take advantage of our additional offerings to achieve better results. “