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Mindteck acquires stake in US co
Mindteck USA Inc has acquired a stake in US-based software consulting company, ISS Consultants Inc, in an all-cash deal.
Published on: Apr 3, 2006, 17:57:00 IST
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Mindteck India Ltd said on Monday that its wholly owned subsidiary Mindteck USA Inc has acquired a stake in US-based software consulting company, ISS Consultants Inc, in an all-cash deal.
IT solutions provider, Mindteck India informed the stock exchanges about the same without disclosing the amount paid for the acquisition.
The US-based company had revenues of $11.20 million and a net profit of $1.96 million for the year ended December 31, 2005.
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