Megasoft, an IP-driven technology solutions company in the telecom and life sciences space, is close to acquiring a US-based telecom software company, reports The Economic Times. Megasoft is also simultaneously looking for an acquisition in India to strengthen its back-office operations. “We are in the final stages of negotiations with a US company and a deal is likely in the next three months,” Megasoft CEO GV Kumar said. The targeted company has revenues of around $10-20 million. In India, the company is looking at acquiring a services firm with 300-400 employees.

Posted on 04/27/06, 7:19 PM
in: Main Page, Mergers & Acquisitions
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