SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

NIIT Technologies acquires Spain’s Proyecta Sistemas

17 Aug 2011 Evaluate

NIIT Technologies acquired Spain-based Proyecta Sistemas de Informacion, an IT firm with over $10 million in annual revenue, specialising in travel and financial services. The acquisition will give NIIT Tech a toehold in Latin America and Spanish markets. The company will open a line of credit under $10 million to fund the deal. The loan will also guard the company against any volatility in European currencies.

Proyecta has about 100 consultants in Madrid who specialise in CRM, business intelligence, revenue-yield management, web apps and mobility. This is NIIT’s third large deal in the past two months. Last month, the company bagged a contract to manage IT infrastructure for London’s Rail Network Eurostar. It also acquired IT services unit of Georgia-based Morris Communications in an $85-million contract, last month.crackcrack

Coforge Share Price

1316.70 4.05 (0.31%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
TCS 2581.65
Infosys 1318.60
HCL Tech. 1442.50
Wipro 204.35
Tech Mahindra 1511.85
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×