Business Daily from THE HINDU group of publications
Wednesday, Dec 05, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Wednesday, Dec 05, 2007 ePaper | Mobile/PDA Version |
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Info-Tech
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Mergers & Acquisitions Ybrant acquires Israeli firm Oridian for $13 m Our Bureau Hyderabad, Dec. 4 Digital marketing services company Ybrant Technologies Ltd has announced the acquisition of Oridian, the Israeli online media solutions provider, for $13 million in an all cash deal. The Hyderabad-based company has paid upfront an advance of $1 million and has worked out a schedule, which would see it completing the deal in a couple of months, said its Chairman, Mr Suresh Reddy. The Israeli company recorded a turnover of $20 million in 2006 and has about 60 shareholders, of whom about three are venture capitalists.
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