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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).

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