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Our Bureau

Hyderabad , May 9

Mistral Software has inaugurated a new design centre in Hyderabad where it expects to invest about Rs 8-10 crore.

The company is scouting for an acquisition and is close to raising funds for its expansion plans. The President and CEO of Mistral, Mr Anees Ahmed said, "The Hyderabad centre would serve as the second development centre and some of the design work would be moved out of Bangalore."

"As part of the expansion plans, we are close to finalising our strategy for an additional round of funding, but we have not yet decided what this option could be", he said.

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