• 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
• In Focus
• In Depth

Group Sites

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

Our Bureau

Chennai, Jan. 10

Teledata Informatics Ltd, a Chennai-based software solutions company, is in the final stages of negotiations to acquire 100 per cent stake in Soltius Pte Ltd, Singapore, at a cost of $45 million (around Rs 200 crore) through its wholly owned subsidiary Bitech International LLC, Dubai. With over 800 professionals, Soltius focuses on SAP projects and consultancy services. With presence in Australia, Bangladesh, China, India, Indonesia, Singapore, Thailand, the US and UAE, it offers solutions in areas like customer care and billing systems, enterprise resource planning, supply chain management and mobile solutions, according to a Teledata press release.

Soltius is targeting revenue of $40 million with a profitability of around $6 million for the current year. Post de-merger, Mr Harmeet Bindra and Mr Sachin Agarwal, promoters of Soltius, will join as full-time directors in Teledata, the release says.

More Stories on : Mergers & Acquisitions | Software

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

Stories in this Section
WNS Global to set up delivery centre in Europe

Copyright © 2007, 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