Prisma Global Limited Announces Acquisition of Prisma Gmbh, Germany

MUMBAI, India, August 7, 2013 /PRNewswire/ --

Prisma Global Limited, a global information technology solutions company today announced it has acquired Prisma Gmbh, a 33 year old German company which specializes in Image recognition, Augmented Reality, Health, Security, Business Intelligence Services, Mobile solutions as well as enterprise content and management systems. It has gained a reputation in Germany, Switzerland and Austria, for being a competent systems house. Prisma Gmbh has an in-depth understanding of the requirements & processes for Image Recognition (IR) and Augmented Reality (AR). Prisma Gmbh is a certified IS0 9001:2008 and ISO 13485:2007 company.

Prisma Global Limited is a closely held Public Limited Company in India, which acquired 51% major stake holding in Prisma GmbH, and by virtue of the acquisition Prisma Global Limited now owns the IP and the innovative technology like Snap2life and MediBox, along with other product and services. Prisma Global ltd shall also be in complete control on Prisma Gmbh management and strategy, though the Present CEO Mr. Volker Brendal shall remain as CEO of the German Entity for next 5 years.

Mr. Shreeram Iyer, Chairman and Group CEO of Prisma Global Limited said, "I am extremely satisfied by this acquisition which fits perfectly with our vision of providing most innovative technology in India. The core expertise of Prisma Gmbh along with some of the path breaking products will make us first among equals."

Mr. Iyer further added "In today's day and age of Business, Return on Investment will be surpassed by Return on Innovation and that is what we bring to India through this acquisition."

Mumbai based English daily dna recently launched an augmented reality application 'DNAIt' on iOS and Android platforms with partnership with Prisma Global Limited, the app is powered by snap2life image recognition software and using the search algorithm and crawlers of snap2life, the app has multimedia features including video playback, audio transcripts, image galleries, related web articles, augmented reality etc. With the range of other innovative business solutions Prisma Global Limited has its foot strongly planted in global technology Industry.

About Prisma Global Limited:

Prisma Global Limited is a global information technology solutions company managed by professionals with over 15 years' experience in the global information technology arena. Prisma Global Limited specializes in Image recognition, Augmented Reality, Healthcare, Animations, Security, and Business Intelligence. Prisma Global Limited has point of presence and subsidiaries, offices in US, South Africa, Middle East and Australia. 

About Prisma Gmbh

Prisma Gmbh has 30 years of experience in business of intelligence, Mobile solutions as well as enterprise content and management systems. It has gained a reputation in Germany, Switzerland and Austria, for being a competent systems house. Prisma GmBH has an in-depth understanding of the requirements & processes for Image Recognition (IR) and Augmented Reality (AR). Prisma GmBH is a certified 1S0 9001:2008 and ISO 13485:2007 company.

For Media Enquiries:
Mr. Amitabh Roy Chowdhary
+91-22-40820140
Amitabh@prismagl.com
http://www.prismagl.com