Press Releases > 2006  

London, TX ; London, UK and Mumbai, India - May 24, 2006: Knowledge Space International, a provider of domain-specialized technology services firm in the banking, financial services and telecommunications industries, today announced that it has expanded its presence in the Media & Entertainment sector with the acquisition of Recreate Solutions. Knowledge Space International, with a proven capacity for global delivery, has numerous Fortune 100 clients across the Telecom, Finance, and Media sectors.

Recreate Solutions is a technology & software outsourcing services firm working entirely within the media and entertainment industry providing a range of outsourcing models covering a large spectrum of technologies germane to the industry.

Recreate Solutions, a venture-backed company founded in 2001, has grown steadily, earning a reputation for delivering quality solutions cost effectively to its clients across Europe, the Americas and Asia. The company has worked across such emerging domains as Interactive Television, Mobile and Broadband and IPTV, and is well-recognized within the convergence industry.

With the acquisition of the Recreate Solutions’ team of 100, Knowledge Space International has now grown its worldwide team to 580.

"The interactive media industry is maturing across platforms. It is consolidating around companies that have viable cost structures and revenue streams that generate healthy margins. Outsourcing of non-core technology functions is a proven method to increase profitability. Recreate Solutions is focused on providing high quality outsourced solutions that add value to clients in our service segment: Digital Interactive Content. Under the Knowledge Space International banner we will now we able to take our solutions to Knowledge Space International’s Fortune 100 client base" said Bhaskar Majumdar, CEO, Recreate Solutions.

“We are pleased and excited to welcome Recreate into our corporate family,” said Knowledge Space International CEO Azim Ali, who noted that Recreate was one of the fastest growing companies in this space. “We acknowledge the important role of technology in enabling the distribution of content over disparate channels. Recreate has mastered the fields of Mobility and Interactivity to help its customers in providing best-in-class services. Recreate sells on the basis of competency and has offshore at the central theme of delivery – both aspects of what we are trying to reinforce in Knowledge Space International.