Aftek Infosys to acquire stake in U.S. Co

By agencies   |   Monday, 29 August 2005, 07:00 Hrs
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MUMBAI: Aftek Infosys Ltd today said it has signed an agreement with V-Soft Inc, a U.S. based company for acquiring a significant stake of the company in a phased manner.

The company also retains an option of acquiring V-Soft, headquartered in Saratoga, California, after a period of four years, the company informed the BSE.

"We found a lot of synergy between Aftek and V-Soft and this alliance will strengthen both the companies," said Aftek Infosys Ltd Chairman and CEO Ranjit Dhuru.

V-Soft is a provider of high quality customized engineering solutions to clients in the U.S. using engineering resources from India. V-Soft's clientele includes companies like HP, Honeywell, Microchip, Alcatel, Cisco Systems and FEI.

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