Mergers and Acquisitions (Jan 5 - Jan 12)

Teledata set to buy SoltiusSOURCE:Business line, Jan 10, 2007 Teledata Informatics Ltd, a Chennai-based software solutions company, is in the final stages of negotiations to acquire 100 per cent stake in Soltius Pte Ltd, Singapore, at a cost of $45 million (around Rs 200 crore) through its wholly owned subsidiary Bitech International LLC,
Dubai. With over 800 professionals, Soltius focuses on SAP projects and consultancy services. With presence in Australia, Bangladesh, China, India, Indonesia, Singapore, Thailand, the US and UAE, it offers solutions in areas like customer care and billing systems, enterprise resource planning, supply chain management and mobile solutions, according to a Teledata press release.Soltius is targeting revenue of $40 million with a profitability of around $6 million for the current year. Post de-merger, Mr Harmeet Bindra and Mr Sachin Agarwal, promoters of Soltius, will join as full-time directors in Teledata.  Firstsource buys BPMSOURCE:Business line, Jan. 8,2007  Firstsource Solutions Ltd (earlier ICICI OneSource) has acquired BPM Inc, a Delaware-based healthcare claims outsourcing company in the

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