The acquisition entails acquiring the competency knowledge and skills of the Noida based IT company.
 
Now under the stable of Ricoh India, Momentum has a team of around 100 people and reported an annual revenue of 31-cr for the year 2010.
 
Tetsuya Takano, managing director and chief executive office, Ricoh India said:  "Today customers are looking for IT enabled services for their facilities to produce quality products and services. Ricoh envisages over 25% of its new businesses coming from such synergies. With this alignment, Ricoh’s vision is to offer package of IT services to our clients that would bring efficiencies in work."