INDIAN NEWS & TIMES

Saturday, May 21, 2022

Prisma Global Ltd, a global information technology solutions company 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 & Austria, for being a competent systems house. Prisma Gmbh has an in-depth understanding of the requirement and processes for Image Recognition (IR) & 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 5years

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 by 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