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Our Bureau

Bangalore Jan. 23

GCI Solutions Pvt Ltd, the Indian subsidiary of the US-based IT services and solutions firm Global Consultants Inc, has acquired business technology consulting firm IVL India in an all cash deal for an undisclosed sum.

The privately held, Thiruvananthapuram-based IVL India offers a range of post-implementation services for SAP customers like application management among others and also sells about seven SAP-based products under the OptiBiz brand. IVL India clocked revenue of Rs 20 crore for 2005-06 and its profit margins were in the range of 20-25 per cent. Announcing the buy-out Mr Jawahar Beekay, CEO of GCI Solutions, said the acquisition would help GCI scale up its ERP capabilities both in domestic and overseas markets.

More Stories on : Mergers & Acquisitions | Software

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