Financial Daily from THE HINDU group of publications
Tuesday, Nov 01, 2005
Financial Daily from THE HINDU group of publications Tuesday, Nov 01, 2005 |
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Info-Tech
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Mergers & Acquisitions Automated Workflow merges with US co Our Bureau
Bangalore , Oct. 31 AUTOMATED Workflow Pvt Ltd, an IT company based in Bangalore specialising in business process management (BPM) and enterprise content management (ECM), has announced its merger with the US-based Silicon Plains Technologies. The merger involves no cash deal, Similar domain strengths of the two companies are expected to give, Silicon Plains, the merged entity, an edge in ramping up share in the estimated $3-12 billion BPM and ECM market globally. The merged entity also becomes the largest global IBM business partner in the BPM and ECM space, said Mr Sunil Savara, Executive Chairman and Director (Automated Workflow Group). Silicon Plains is already planning to ramp up its strength by 60 people from the current 120 on the way to achieving its targeted topline of $50 million in four years.
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