Translate

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
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Tuesday, Apr 08
07:00 National Australia Bank's Business Confidence 1 -3 -2 Revised from -1
15:30 NFIB Business Optimism Index 1 97.4 101.3 100.7
18:25 Redbook Index (YoY) 1 7.2% 4.8%
19:30 Ivey Purchasing Managers Index s.a 2 51.3 53.2 55.3
19:30 Ivey Purchasing Managers Index 2 55.6 53.6
21:30 BoE's Lombardelli speech 2
22:30 3-Year Note Auction 1 3.908%
23:30 Fed's Daly speech 2
Wednesday, Apr 09
02:00 API Weekly Crude Oil Stock 1 6.037M
07:30 RBNZ Interest Rate Decision 3 3.50% 3.75%
Economic Calendar >> Add to your site

Best Mutual Funds

Recent Posts

Search This Blog

IPO's Calendar

Market Screener

NSE BSE Tiker

Custom Pivot Calculator

Popular Posts

Market & MF Screener