Tuesday, April 19, 2011
STEC Buys Indian Software Firm
Santa Ana-based STEC, which develops enterprise solid-state disk drives (SSDs), said Tuesday that it has acquired a company in India, Quest Infotech Private Limited (KQI). STEC did not disclose financial details of the acquisition. As part of the acquisition, STEC said it has established a "strategic R&D" presence in Pune, India, hiring approximately 30 employees of KQI. KQI is a software development company which STEC says has developed storage software. STEC explained that the deal will help it access the "top engineering talent" pool in India.