Friday, February 5, 2010

Zylog acquires Canadian firm for Rs 150 crore

Zylog Systems, Chennai based Global technology integrator and business solution provider with more than 2000 employees worldwide, has announced the acquisition of Brainhunter, a consulting and engineering services company in Canada for Canadian Dollar 35 Million (Rs 150 crore).

It was done through the company’s creditors arrangement Act ( CCAA) bidding process where Zylog emerged as the successful bidder. The 20 year old Canadian company has major presence in Government, telecom, BFSI and oil & pipeline verticals.

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