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Our Bureau

New Delhi April 26 Computer Science Corporation India is set to double its head count in India to 14,000. The move follows the parent company, NYSE listed CSC's announcement to acquire Covansys Corporation for $34.00 per share in an all-cash transaction, taking the value of the deal to about $1.3 billion.

The acquisition is expected to increase the company's delivery capabilities from its India operations. The transaction is likely to be completed during the second quarter of CSC's fiscal year 2008.

Covansys has about 6,400 employees located in India of its 9,000 employees worldwide. The company's revenues stood at $455.5 million for the year ended December 31, 2006.

CSC India company spokesperson told Business Line that the increase in its head count would take place mainly at Chennai, Mumbai and Bangalore. Currently, CSC has its own centres in Delhi, Hyderabad and Chennai.

However, it would be able to leverage Covansys' offshore centre in Mumbai and Bangalore post the acquisition.

More Stories on : Mergers & Acquisitions | Human Resources

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