Polaris setting up centres in Egypt, Chille, Vietnam

Chennai-based financial services technology company, Polaris Software Lab, on Thursday said that the company had received eight proposals for its proposed acquisition plan from Europe and within India. Meanwhile, as part of its expansion plan, the company is setting up development centres in Egypt, Chille and Vietnam with an investment of $5 million during this year.

The company was looking at acquisition opportunities as part of its expansion plan. So far, Polaris had received eight proposals from Europe and within India. We will pick up three of the eight. It may be noted that the company recently acquired US-based SEEC, an insurance technology company. The acquisition brought companies like Allstate, Prudential and New York Life Insurance to Polaris’ basket.

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