• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai , June 5

Patni Computer Systems has acquired a US-based company ZAiQ Technologies through an asset purchase transaction for $ 425,000 (around Rs 2 crore).

Patni will be buying the following assets: hiring an eight-person Application specific integrated circuit (ASIC) design team headed by a delivery leader; intellectual property in the ASIC design and validation space' active customer contracts, business pipeline and a sales head; and trademarks and other capital assets such as hardware and software.

Outsourced design services

ZAiQ Technologies is a principal provider of outsourced design services and software products to companies that develop complex, high-performance systems and integrated circuits, said a statement issued by Patni to the stock exchanges.

The company believes that overtime this intellectual property will prove a valuable edge to open new doors and differentiate against competition, said the statement.

More Stories on : Software | Mergers & Acquisitions

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Monsoon may enter weak phase

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line