Kellton Tech Solutions is eyeing a revenue target of $100 million in next couple of years for which it may need couple of more acquisitions. The company is constantly scouting for acquisition opportunities and is in the final stage of acquiring US-based IT firm with revenues of $ 40 million. It expects to close the deal by month-end.
The company will pay $14 million for acquiring the US-based company over 3 years. The acquisition will be funded via equity and debt. The company is also looking to raise funds via qualified institutional placement (QIP) in six months. The company’s current total debt stands at $8 million.
Kellton Tech Solutions provides a suite of application development, integration, testing and maintenance services. Its consultants have extensive project management experience and expertise in areas like Business Analysis, Java/ J2EE, Microsoft Technologies, Testing, ERP, Business Intelligence and Data Warehousing (BI & DW), Database Administration, Infrastructure management, etc.
