M&A

Prodapt Takes over PCT

Prodapt, a telecom software services company based in Chennai, has taken
over Pacific Crest Technology (PCT), based in Oregon, USA. With this
acquisition, Prodapt would enhance its offerings and establish itself as a
leading software services provider to the telecommunications industry. PCT has
revenues around $17.2 mn (approximately Rs 80 crore). The all cash deal gives
Prodapt a 100% stake in PCT and expands its base in the North American market.
Also, it will be consolidating its US operations under PCT. PCT shall be renamed
as Prodapt North America with Kerry Padrick, CEO, serving as the president of
Prodapt North America.

Aditi to Acquire Infospace India

Aditi Technologieshas had signed an agreement with Infospace to acquire its
Indian subsidiary, Infospace India Software Developmenta developer of
metasearch and online consumer products. The terms of the transaction have been
approved by both Aditis and Infospaces Board of Directors. Established in
2007, Infospace India is engaged in online product development, software
engineering, and product testing for INSPs global product portfolio. Its
development center is in Bengaluru. Infospace is a global technology leader in
metasearch products and this acquisition makes it a strategic client for Aditi
Technologies.

CIGNEX-AGS Merger

CIGNEX Technologies and AGS Technology Group, a provider of ERP services,
have announced their merger. The merged entity will be known as CIGNEX Holding
Corporation (CIGNEX). Jeff Colvin, CEO & co-founder of AGS, will take over as
the CEO of CIGNEX. CIGNEX has been the global leader in Open Source consulting
for over a decade, providing solutions across web content management, portals,
e-commerce, digital asset management, documents & record management, business
process management, and SOA.

MindTree Acquires 7Strata

MindTree has entered into a definitive agreement with 7Strata, a remote
infrastructure management (RIM) services provider. MindTrees infrastructure
management and technical support business has shown a leading growth over the
last four years. The acquisition would provide MindTree the advantage of
offering platform based RIM services to customers globally. This would also
enable MindTree to offer remote desktop management services.