California Software Company (Calsoft), the Chennai-based global product engineering & enterprise Solutions Company and Aitken Spence PLC, today entered into an alliance to form a Joint Venture Company.

The joint venture company will be called as "CalSpence" and have registered office in Colombo, Sri Lanka. The new company (CalSpence) will focus on the Information Tehchnology business, initially specializing in the Hospital Sector.

According to an official release, the JV will position itself as an IT company with competencies in multiple areas and work towards developing solutions and services in niche domains. The move will be taken by leveraging on the IT strengths of Calsoft and on the domain expertise of Aitken Spence.

Market Experts believe that through this Synergistic Combination the JV combines both companies' complementary strengths and will enable them to provide the global market with cutting edge domain specific solutions and products.