Financial Daily from THE HINDU group of publications
Friday, Mar 17, 2006


Group Sites

Info-Tech - Mergers & Acquisitions

Scandent merger gets HC nod

Our Bureau

Bangalore, March 16

Scandent Solutions Corp Ltd said on Thursday its merger with Cambridge Holdings LLC, a knowledge-based business processing outsourcing firm, has been approved by the Karnataka High Court.

The merged entity would be known as Cambridge Solutions Ltd, the company said in a press release.

"With this merger, Cambridge Solutions Ltd will be uniquely positioned to offer clients a synergistic combination of IT and BPO solutions through an integrated global delivery model," said Mr Chris Sinclair, Executive Chairman and CEO of Cambridge Solutions. "The larger global footprint and an enhanced portfolio of services combined with a higher combined turnover, gives us the leverage to target a larger base of customers across segments." The combined turnover of the new entity will be close to $275 million (Rs 1,230 crore).

More Stories on : Mergers & Acquisitions | Software | Courts/Legal Issues

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Hutch reduces ISD, STD rates across all plans

COAI contests TRAI fiat on differential tariffs
Essar group now into telecom infrastructure
Microsoft-Anna varsity pact
Oracle transportation management
Financial Soft to set up techno park in Chennai
Panama bank opts for Finacle
Wipro Info service centre in Mysore
Scandent merger gets HC nod
Fidelity hikes stake in Satyam
Suranas up stake in Surana Telecom
Corpus buys Itellix Software for $2.5 m
`Broadband policy must be TV-centric'

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line