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FarEye acqui-hires logistics tech start-up PY Technology
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New Delhi, March 5 (TIWN) Logistics management startup FarEye on Friday said that it has acqui-hired logistics technology startup PY Technology in a bid to scale customer implementation as well as incubate new ideas.
The startup, earlier known as PRTouch, was founded by Jignesh Vasani in 2012. He will be joining FarEye as VP, professional services.
Acqui-hiring is the process of acquiring a company primarily to recruit its employees, rather than to gain control of its products or services.
Vasani is an entrepreneur and a leader with over 20 years of experience in building blocks aiming towards solving real-life problems. He has a proven track record of growing business across industries including logistics, education, IT, and finance. He has hands-on experience in building new-age technology products such as Deep learning, machine learning, and blockchain.
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