Financial Daily from THE HINDU group of publications
Thursday, Feb 23, 2006
Financial Daily from THE HINDU group of publications Thursday, Feb 23, 2006 |
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Info-Tech
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Mergers & Acquisitions Fujitsu Consulting acquires Rapidigm Our Bureau
Pune , Feb 22 FUJITSU Consulting Inc, the North American consulting and services arm of the $44.5-billion Fujitsu group, and Rapidigm Inc have announced that the companies have entered into a Definitive Agreement whereby Fujitsu Consulting will acquire Rapidigm, a Pittsburgh-based privately held information technology consulting and integration firm. Rapidigm has offices in 22 major metropolitan markets in the US and offshore development centres in Pune and Noida. The transaction is expected to close within 45 days, subject to various closing conditions and regulatory clearances. According to an official release from the company, the addition of Rapidigm would increase Fujitsu's national IT consulting and integration capacity, which is focused on application development, deployment and management, and would provide incremental offshore delivery capabilities. Key skill areas for Rapidigm include Enterprise Resource Planning (ERP), with practices dedicated to SAP, Oracle, and PeopleSoft, business intelligence, and custom application development. Once completed, this acquisition would add approximately 1,200 US-based consultants in major markets through the US and 800 India-based consultants in two developments centres.
More Stories on : Mergers & Acquisitions | Software | Consulting
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