IT services company ITC Infotech on Tuesday said it has acquired Pyxis Solutions, a US-based niche player offering quality assurance solutions and testing services for $25 million.

"It has been an all-cash deal and funded internally," ITC Infotech Managing Director Sanjiv Puri said in Bangalore.

Pyxis offers a full spectrum of services in software quality assurance (QA) ranging from user-interface testing to QA process improvements, including QA management and consulting, quantitative analysis testing and data validation testing.

Describing it as a "strategic acquisition", Suri said, Pyxis brings on board "differentiated capabilities, domain expertise in capital markets, unique testing methodology and an impressive roster of customers" which will compliment ITC Infotech's service offering. It would also further strengthen its presence in US, in addition to building up capabilities.

For Pyxis, the deal would bring the "benefits of scalability, a robust global delivery model, strong offshore base and institutional strengths of being part of a larger group," to provide better services to our customers, he added.

The synergies between the two companies is expected to create large opportunities for cross selling by leveraging existing customer relationship of both Pyxis and ITC Infotech. and help enlarging the geographic reach of services offered and create new opportunities for diversified offerings. 

Pyxis would continue to work under its founders and would be a subsidiary of ITC Infotech (USA), he said.

The deal was in line with company's vision of actively seeking synergistic partnerships around key industry verticals, solution areas and focus technologies.

ITC Infotech is a wholly-owned subsidiary of ITC Ltd.