Cambridge Technology

Cambridge Technology completes acquisition of CellExchange, Stock rises 5%

Hyderabad-based Cambridge Technology Enterprises (CTE) has informed that it has completed the acquisition of US-based CellExchange Inc., for US$ 15 million in guaranteed cash and performance based earn-outs.

Incorporated in 2000, CellExchange provides system integration IT solutions for US Federal and US Department of Defense (DoD) customers. CellExchange focuses on transformational efforts in Human Capital Management, Supply Chain Management, and Information Sharing.