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Chennai, July 27

California Software Co Ltd (Calsoft) has acquired 51 per cent equity in product design and application software development company Aspire Communications Pvt Ltd and its US-based subsidiary Aspire Soft Corporation. According to a press release, both companies were valued at Rs 10.6 crore. The financial results of Aspire would be consolidated with that of Calsoft from the current quarter, the release said.

— Our Bureau

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