View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
September 25, 2008

Infotech allocates INR3 billion for acquisitions

India-based geospatial and engineering services provider Infotech has allocated INR3 billion for acquisitions in the current fiscal year ending March 2009, said Mohan Reddy, the company's chairman and managing director.

By CBR Staff Writer

The company has said that it plans to acquire three companies. Currently, the company is conducting due diligence to purchase a European firm in the auto engineering segment. According to Reuters, in the coming quarter the company will buy two more firms.

Recently, the company acquired Time To Market, a California-based design service provider. Reuters has quoted Mr Reddy as saying: Our acquisitions will be targeted around $20 million.

The company has also inaugurated a new 600-seater facility in Noida, India. The new facility will focus on developing software, IT-enabled services and mapping geographical bases business. As part of its expansion plans, the company is also looking at making a foray into tier-II Indian cities.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.