Business Daily from THE HINDU group of publications
Thursday, January 18, 2007
|
Business Daily from THE HINDU group of publications Thursday, January 18, 2007 |
|
|
|
|
|
|
||
|
News Update as at 18.00 hrs (IST)
Info-Tech MUMBAI: Subex Azure Ltd on Thursday said that it would buy Canada's Syndesis Ltd for $164.5 million in an all cash deal. Subex, which sells software services to telecom companies, said it expects to close the deal on or before March 31. "If completed, this acquisition will allow Subex Azure to substantially expand not only its product portfolio, but also its addressable market," the company said in a statement. Syndesis will become a part of Subex Azure when the deal closes, the stateme nt added. "If completed, this acquisition will provide significant sources of new capital and resources to take advantage of growth opportunities," Mr John Lochow, Chief Executive of the Canadian software company, said in the statement.
Prev: Malaysia's Astro eyes Indian DTH market in tie-up with Sun TV Business Line | NUS Index | |
In Focus Infrastructure woes stare IT sector IPO Scams FDI in retail sector Dynamic Tirupur Gold scaling new highs
In Depth Bihar Diary Orissa Diary Gender Justice Simple Economics Tax Talk
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, 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
|