Aftek Infosys to acquire stake in U.S. Co

By agencies   |   Monday, 29 August 2005, 07:00 Hrs
Printer Print Email Email
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.


SPOTLIGHT
IBM announces programme
n a bid to recognise the contribution of developers in the open source community, Information ..
Google's Gboard gets offline
Google is adding an Artificially Intelligent (AI) offline dictation feature on its Gboard keyb..
Wipro opens third industrial
IT major Wipro Ltd on Thursday opened its centre of excellence for Industrial Internet of Things (..
Facebook denies cyber attack
Facebook ruled out a cyber attack on its products Whatsapp, Instagram and Messenger, which suf..