Take Solutions Ltd, a Chennai-based software company, expects to see additional revenue of $4 million in the current fiscal and $6.5 million next year through its latest acquisition.
It had bought the intellectual property (IP) of two product lines from two US-based companies – PSI Software and EntComm.
The base price for the acquisitions will be $2.1 million and there is an ‘earn out’ provision of $4.7 million over the next two years. The company has nearly Rs 100 crore in cash, Mr H. R. Srinivasan, Founder and Vice-Chairman, Take Solutions, said.
Friday, August 7, 2009
Take Solutions to buy IPs for 2 product lines
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