BSE-NSE Ticker

Tuesday, November 24, 2009

Infosys eyes Ciber Novasoft

Infosys Technologies Ltd. is reportedly in talks to acquire European IT consulting company Ciber Novasoft in a deal valued at around US$200-300mn. The Bangalore-based IT major is not the only one interested in Ciber Novasoft. Hence, a bidding war is possible and it may take some time before a final deal is announced.

Infosys is also believed to have short-listed three other companies for acquisition. The company declined to comment on the media reports.

Ciber Novasoft has revenues of around US$420mn, which is down substantially from last year.

Standard Chartered us advising Infosys on the deal while Ciber Novasoft is being advised by Citi and JP Morgan Chase, according to reports

No comments:

Economic Event Calendar

Economic Calendar >> Add to your site

Best Mutual Funds

Recent Posts

Search This Blog

IPO's Calendar

Market Screener

Industry Research Reports


Custom Pivot Calculator

Popular Posts

Market & MF Screener

Company Research Reports