• 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

Bangalore June 8 Ambletek Solutions, a start-up promoted by Mr Kannan Ramaswamy, former Managing Director, South Asia for European major LogicaCMG, is already on the look out for an acquisition to pan out its new venture focusing on IT services and consulting in the financial services sector. Ambletek, which is in talks with a local company, is likely to announce the acquisition soon.

It is also planning to invest in an offshore development facility and testing centre for financial services products.

The Bangalore-based Ambletek Solutions has expanded its operations, with a facility in Chennai and will be opening another facility in Mumbai shortly. Currently, it has a team of over 100 highly qualified consultants.

"Ambletek Solutions is an IT consulting and services company undertaking high-end projects in the areas of risk & compliance and payments in the financial services sector which includes banks, insurance and securities market," said Mr Ramaswamy.

More Stories on : Mergers & Acquisitions | Software

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

Stories in this Section
Bartronics raises $25 m through FCCB issue

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