Information Technology Buzz

Wednesday, February 2, 2011

Persistent Systems buys US' Infospectrum

MUMBAI: Persistent Systems said on Wednesday it has signed a definitive agreement to acquire the outsourced product development business of U.S.-based Infospectrum Inc and also its India unit.

Financial details were not provided. The acquisition would help Persistent tap growth opportunities in the European market, it said in a statement.

The transaction is expected to be completed in the current quarter, it said.

0 Comments:

Archive For This Section Only